Company Registration No. 06674434 (England and Wales)
Needham Accountancy Limited
Unaudited accounts
for the year ended 31 July 2017
Needham Accountancy Limited
Unaudited accounts
Contents
Needham Accountancy Limited
Company Information
for the year ended 31 July 2017
Director
Elizabeth Needham
Company Number
06674434 (England and Wales)
Registered Office
BERKELEY HOUSE BARNET ROAD
LONDON COLNEY
ST. ALBANS
AL2 1BG
ENGLAND
Needham Accountancy Limited
Statement of financial position
as at 31 July 2017
Cash at bank and in hand
83
578
Creditors: amounts falling due within one year
(15,832)
(14,442)
Net current (liabilities)/assets
(115)
3,991
Profit and loss account
301
5,745
Shareholders' funds
351
5,795
For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 August 2017.
Elizabeth Needham
Director
Company Registration No. 06674434
Needham Accountancy Limited
Notes to the Accounts
for the year ended 31 July 2017
Needham Accountancy Limited is a private company, limited by shares, registered in England and Wales, registration number 06674434. The registered office and principal place of business is BERKELEY HOUSE BARNET ROAD, LONDON COLNEY, ST. ALBANS, AL2 1BG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% straight line
Fixtures & fittings
33.33% straight line
Computer equipment
33.33% straight line
Needham Accountancy Limited
Notes to the Accounts
for the year ended 31 July 2017
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2016
418
1,661
5,599
7,678
At 31 July 2017
662
1,661
5,599
7,922
At 1 August 2016
158
1,213
4,503
5,874
Charge for the year
147
438
997
1,582
At 31 July 2017
305
1,651
5,500
7,456
At 31 July 2017
357
10
99
466
At 31 July 2016
260
448
1,096
1,804
Trade debtors
14,084
16,305
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
12,138
9,411
Other taxes and social security costs
794
1,487
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).
