Micro-entity Accounts - NEWLAW ASSOCIATES LIMITED

NEWLAW ASSOCIATES LIMITED - Company Information

05172646 NEWLAW ASSOCIATES LIMITED 2017-07-31 false 2016-08-01 2017-07-31 true 05172646 2016-08-01 2017-07-31 05172646 2017-07-31 05172646 2016-07-31 05172646 uk-gaap-cd-bus:Director1 2016-08-01 2017-07-31 05172646 uk-gaap-cd-bus:Director2 2016-08-01 2017-07-31 05172646 uk-gaap-cd-bus:AllEntityOfficers 2016-08-01 2017-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-01 2017-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 iso4217:GBP shares

Registered Number 05172646

NEWLAW ASSOCIATES LIMITED

Micro-entity Accounts

31 July 2017

NEWLAW ASSOCIATES LIMITED Registered Number 05172646

Micro-entity Balance Sheet as at 31 July 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	23,168	27,208
		23,168	27,208
Current assets
Debtors		12,655	10,689
Cash at bank and in hand		161,392	145,264
		174,047	155,953
Creditors: amounts falling due within one year		(46,866)	(56,191)
Net current assets (liabilities)		127,181	99,762
Total assets less current liabilities		150,349	126,970
Total net assets (liabilities)		150,349	126,970
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		150,249	126,870
Shareholders' funds		150,349	126,970

For the year ending 31 July 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 December 2017

And signed on their behalf by:
B Lawton, Director

NEWLAW ASSOCIATES LIMITED Registered Number 05172646

Notes to the Micro-entity Accounts for the period ended 31 July 2017

1Tangible fixed assets

	£
Cost
At 1 August 2016	37,192
Additions	48
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2017	37,240
Depreciation
At 1 August 2016	9,984
Charge for the year	4,088
On disposals	-
At 31 July 2017	14,072
Net book values
At 31 July 2017	23,168
At 31 July 2016	27,208

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100

3Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards.

Turnover policy
Turnover derives from the company’s principal activities and comprises the invoiced amount of goods and services provided net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less the estimated residual value of each asset on a reducing balance basis per annum over its expected useful life as follows:
Motor Vehicle - 15%
Fixtures, Fittings & Equipment - 15%