Budge Watts Associates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09740935

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

20 AUGUST 2015 TO 31 JANUARY 2017

FOR

BUDGE WATTS ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr E Budge

REGISTERED OFFICE:

124 Britten Road

Basingstoke

Hampshire

RG22 4HP

REGISTERED NUMBER:

09740935

ACCOUNTANTS:

Wilkins Kennedy LLP

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

CURRENT ASSETS

Debtors

42,741

Cash at bank

40

42,781

CREDITORS

Amounts falling due within one year

42,726

NET CURRENT ASSETS

55

TOTAL ASSETS LESS CURRENT LIABILITIES

55

CAPITAL AND RESERVES

Called up share capital

2

1

Profit and loss account

54

SHAREHOLDERS' FUNDS

55

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 6 June 2017 and were signed by:

Dr E Budge - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2017:

£

Dr E Budge

Balance outstanding at start of period

-

Amounts advanced

20,217

Amounts repaid

-

Balance outstanding at end of period

20,217

This was paid back within 9 months of the period end.

4.	ULTIMATE CONTROLLING PARTY

The company is under the control of its director by virtue of her 100% shareholding.