LOCAL ACCOUNTANCY PROJECT Accounts filed on 31-03-2014

LOCAL ACCOUNTANCY PROJECT Accounts filed on 31-03-2014

LONDON ACCOUNTANCY PRACTICE - Company Information

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LOCAL ACCOUNTANCY PROJECT




Company Registration Number:
04018585 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st April 2013

End date: 31st March 2014

SUBMITTED

LOCAL ACCOUNTANCY PROJECT

Contents of the Financial Statements
for the Period Ended 31st March 2014

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

LOCAL ACCOUNTANCY PROJECT

Company Information
for the Period Ended 31st March 2014




Director: Abraham Tecle
Company secretary: Ade Adebambo
Registered office: Sojourner Truth Centre 161
Sumner Road, London
SE15 6JL
Company Registration Number: 04018585 (England and Wales)

LOCAL ACCOUNTANCY PROJECT

Directors' Report Period Ended 31st March 2014

The directors present their report with the financial statements of the company for the period ended 31st March 2014

Principal activities
The principal activity of the company in the period under review was:
The principal activities continue to be the promotion of efficiency and effectiveness of charities and voluntary and community organisations by the provision of a comprehensive financial advisory services and the training of their employees .

Directors
The directors shown below have held office during the whole of the period from
01st April 2013 to 31st March 2014
Abraham Tecle

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 08 December 2014
And Signed On Behalf Of The Board By:

Name: Abraham Tecle
Status: Director

LOCAL ACCOUNTANCY PROJECT

Profit and Loss Account

for the Period Ended 31st March 2014

Notes 2014
£		 2013
£
Turnover: 2 106,656 92,034
Cost of sales: 0 0
Gross profit or (loss): 106,656 92,034
Administrative expenses: , 102,219 108,722
Operating profit or (loss): 4,437 ( 16,688 )
Profit or (loss) on ordinary activities before taxation: 4,437 ( 16,688 )
Tax on profit or (loss) on ordinary activities: 0 0
Profit or (loss) for the financial year: 4,437 ( 16,688 )

The notes form part of these financial statements

LOCAL ACCOUNTANCY PROJECT

Statement of total recognised gains and losses
31st March 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

LOCAL ACCOUNTANCY PROJECT

Balance sheet
As at 31st March 2014

Notes 2014
£		 2013
£
Current assets
Debtors: 3 14,567 9,270
Cash at bank and in hand: 21,415 22,261
Total current assets: 35,982 31,531
Creditors: amounts falling due within one year 4 264 250
Net current assets (liabilities): 35,718 31,281
Total assets less current liabilities: 35,718 31,281
Total net assets (liabilities): 35,718 31,281

The notes form part of these financial statements

LOCAL ACCOUNTANCY PROJECT

Balance sheet
As at 31st March 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 5 1 1
Profit and Loss account: 6 35,717 31,280
Total shareholders funds: 35,718 31,281

For the year ending 31 March 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 08 December 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Abraham Tecle
Status: Director

The notes form part of these financial statements

LOCAL ACCOUNTANCY PROJECT

Notes to the Financial Statements
for the Period Ended 31st March 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under historical cost convention.

    Turnover policy

    Turnover represents the invoiced value of goods and services less discount and VAT.

LOCAL ACCOUNTANCY PROJECT

Notes to the Financial Statements
for the Period Ended 31st March 2014

  • 3. Debtors

    2014 2013
    £ £
    Trade debtors: 14,567 9,270
    Total: 14,567 9,270

LOCAL ACCOUNTANCY PROJECT

Notes to the Financial Statements
for the Period Ended 31st March 2014

  • 4. Creditors: amounts falling due within one year

    2014 2013
    £ £
    Trade creditors: 264 250
    Total: 264 250

LOCAL ACCOUNTANCY PROJECT

Notes to the Financial Statements
for the Period Ended 31st March 2014

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1

LOCAL ACCOUNTANCY PROJECT

Notes to the Financial Statements
for the Period Ended 31st March 2014

  • 6. Profit and loss account

    2014 2013
    £ £
    Opening balance: 31,280 47,968
    Profit or (loss) for the period: 4,437 ( 16,688 )
    Equity dividends paid: 0 0
    Retained profit: 35,717 31,280