Scott Mihajlovic Associates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02875095 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Scott Mihajlovic Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

Ms E M Scott

SECRETARY:

D Mihajlovic

REGISTERED OFFICE:

25 Aden Grove

London

N16 9NP

REGISTERED NUMBER:

02875095 (England and Wales)

ACCOUNTANTS:

Hall & Co Accountancy Ltd

Unit 96

The Maltings Business Centre

The Maltings

Stanstead Abbotts

Hertfordshire

SG12 8HG

FIXED ASSETS

Tangible assets

2

813

1,339

CURRENT ASSETS

Stocks

13,750

-

Debtors

305

14,424

Cash at bank

4,558

15,912

18,613

30,336

CREDITORS

Amounts falling due within one year

19,316

31,417

NET CURRENT LIABILITIES

(703

)

(1,081

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

110

258

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

108

256

SHAREHOLDERS' FUNDS

110

258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 17 August 2017 and were signed by:

Ms E M Scott - 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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

31,949

Additions

199

At 30 November 2016

32,148

DEPRECIATION

At 1 December 2015

30,610

Charge for year

725

At 30 November 2016

31,335

NET BOOK VALUE

At 30 November 2016

813

At 30 November 2015

1,339

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

2

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 November 2016 and 30 November 2015:

30.11.16

30.11.15

£

Ms E M Scott

Balance outstanding at start of year

10,029

(31,287

)

Amounts advanced

-

123,609

Amounts repaid

(10,029

)

(82,293

)

Balance outstanding at end of year

-

10,029

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Scott Mihajlovic Associates Limited for the year ended

30 November 2016 which comprise the Profit and Loss Account, the Balance Sheet and the

related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Scott Mihajlovic Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scott Mihajlovic Associates Limited and state those matters that we have agreed to state to the director of Scott Mihajlovic Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scott Mihajlovic Associates Limited director for our work or for this report.

It is your duty to ensure that Scott Mihajlovic Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scott Mihajlovic Associates Limited. You consider that Scott Mihajlovic Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Scott Mihajlovic Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hall & Co Accountancy Ltd

Unit 96

The Maltings Business Centre

The Maltings

Stanstead Abbotts

Hertfordshire

SG12 8HG

17 August 2017