Abbreviated Company Accounts - CORNWELL MCKEOWN ASSOCIATES LIMITED

CORNWELL MCKEOWN ASSOCIATES LIMITED - Company Information

07794291 CORNWELL MCKEOWN ASSOCIATES LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 07794291 2015-11-01 2016-10-31 07794291 2016-10-31 07794291 2015-10-31 07794291 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 07794291 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director3 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director3 2016-10-31 uk-gaap-cd-bus:Director3 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 07794291

CORNWELL MCKEOWN ASSOCIATES LIMITED

Abbreviated Accounts

31 October 2016

CORNWELL MCKEOWN ASSOCIATES LIMITED Registered Number 07794291

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,399	2,939
		2,399	2,939
Current assets
Debtors		54,637	75,260
Cash at bank and in hand		4,568	2,380
		59,205	77,640
Creditors: amounts falling due within one year		(20,402)	(23,745)
Net current assets (liabilities)		38,803	53,895
Total assets less current liabilities		41,202	56,834
Provisions for liabilities		(480)	(588)
Total net assets (liabilities)		40,722	56,246
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		40,712	56,236
Shareholders' funds		40,722	56,246

For the year ending 31 October 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 October 2017

And signed on their behalf by:
M Cornwell-McKeown, Director

CORNWELL MCKEOWN ASSOCIATES LIMITED Registered Number 07794291

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of services supplied by the company during the year.

Turnover is recognised to the extent that the company obtains the right to consideration as contract activity progresses.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% - 33% straight line

2Tangible fixed assets

	£
Cost
At 1 November 2015	9,023
Additions	1,499
Disposals	(1,966)
Revaluations	-
Transfers	-
At 31 October 2016	8,556
Depreciation
At 1 November 2015	6,084
Charge for the year	1,845
On disposals	(1,772)
At 31 October 2016	6,157
Net book values
At 31 October 2016	2,399
At 31 October 2015	2,939

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10

4Transactions with directors

Name of director receiving advance or credit:	M Cornwall-McKeown
Description of the transaction:	Director's loan account
Balance at 1 November 2015:	£ 73,186
Advances or credits made:	£ 48,137
Advances or credits repaid:	£ 78,516
Balance at 31 October 2016:	£ 42,807

These advances were unsecured, interest free, and repayable on demand.