Neil Boddison Associates Limited - Period Ending 2014-03-31

Registration number: 05185777

Neil Boddison Associates Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Andrew Tyzzer
3 Foden Close
Shenstone
Staffordshire
WS14 0LE

Neil Boddison Associates Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Neil Boddison Associates Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Neil Boddison Associates Limited for the year ended 31 March 2014 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Neil Boddison Associates Limited, as a body, in accordance with the terms of our engagement letterdated 26 September 2006. Our work has been undertaken solely to prepare for your approval the accounts of Neil Boddison Associates Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neil Boddison Associates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Neil Boddison Associates 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 Neil Boddison Associates Limited. You consider that Neil Boddison 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 accounts of Neil Boddison 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 accounts.

......................................

Andrew Tyzzer
3 Foden Close
Shenstone
Staffordshire
WS14 0LE

31 December 2014

Page 1

Neil Boddison Associates Limited
(Registration number: 05185777)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					8,028			7,879
Current assets
Stocks					5,000			5,000
Debtors					73,365			51,102
Cash at bank and in hand					-			1,181
					78,365			57,283
Creditors: Amounts falling due within one year					(53,596)			(37,317)
Net current assets					24,769			19,966
Total assets less current liabilities					32,797			27,845
Creditors: Amounts falling due after more than one year					(32,667)			-
Net assets					130			27,845
Capital and reserves
Called up share capital		4			1			1
Profit and loss account					129			27,844
Shareholders' funds					130			27,845

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 director acknowledges his 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 director on 31 December 2014

.........................................
Mr Neil Boddison
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Neil Boddison Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their estimated useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Fixtures and fittings	15% straight line basis
Motor vehicles	25% straight line basis
Office equipment	25% straight line basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Neil Boddison Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		40,431			40,431
Additions		12,449			12,449
At 31 March 2014		52,880			52,880
Depreciation
At 1 April 2013		32,552			32,552
Charge for the year		12,300			12,300
At 31 March 2014		44,852			44,852
Net book value
At 31 March 2014		8,028			8,028
At 31 March 2013		7,879			7,879

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		32,667			-

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

Page 4

Neil Boddison Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

5	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mr Neil Boddison
Advance from company	(8,577)	-	42	-

Page 5