SAW Accounting & Tax Advisory Limited - Accounts

SAW Accounting & Tax Advisory Limited - Accounts

SAW ACCOUNTING & TAX ADVISORY LIMITED - Company Information

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Registered Number : 06605016
England and Wales

 

 

 

SAW ACCOUNTING & TAX ADVISORY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

SAW Accounting & Tax Advisory Limited
Contents Page
For the year ended 31 December 2016
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of SAW Accounting & Tax Advisory Limited for the year ended 31 December 2016 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of SAW Accounting & Tax Advisory Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of SAW Accounting & Tax Advisory Limited and state those matters that we have agreed to state to the Board ofs of SAW Accounting & Tax Advisory Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAW Accounting & Tax Advisory Limited and its members as a body for our work or for this report.

It is your duty to ensure that SAW Accounting & Tax Advisory Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of SAW Accounting & Tax Advisory Limited. You consider that SAW Accounting & Tax Advisory 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 accounts of SAW Accounting & Tax Advisory 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 accounts.



....................................................
SAW Accounting & Tax Advisory Limited
Suite 6-7, 3rd Floor,
Alperton House,
Bridgewater Road.
London
HA0 1EH
28 September 2017
1
 
 		 Notes
 		 2016
£		   2015
£
Fixed assets      
Tangible fixed assets 2 31,640    4,291 
31,640    4,291 
Current assets      
Debtors 78,561    43,702 
Cash at bank and in hand 42,990    70,927 
121,551    114,629 
Creditors: amount falling due within one year (58,220)   (39,488)
Net current assets 63,331    75,141 
 
Total assets less current liabilities 94,971    79,432 
Creditors: amount falling due after more than one year (44,417)   (50,917)
Provisions for liabilities (30)   (30)
Net assets 50,524    28,485 
 

Capital and reserves 		     
Called up share capital 3 100    100 
Profit and loss account 50,424    28,385 
Shareholders funds 50,524    28,485 
 


For the year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Rana Jehanzaib Anis
Director

Date approved by the board: 28 September 2017
2
Statutory Information
SAW Accounting & Tax Advisory Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 06605016.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2016 1,921    3,798    5,719 
Additions 8,201    20,862    29,063 
Disposals -    -    - 
At 31 December 2016 10,122    24,660    34,782 
Depreciation
At 01 January 2016 480    948    1,428 
Charge for year 536    1,178    1,714 
On disposals -    -    - 
At 31 December 2016 1,016    2,126    3,142 
Net book values
At 31 December 2016 9,106    22,534    31,640 
At 31 December 2015 1,441    2,850    4,291 


3.

Share Capital

Authorised
100 shares of £1.00 each

Allotted
2016
£		   2015
£
100 shares of £1.00 each 100    100 
100    100 

3