Ashwood Agencies Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: NI018070 (Northern Ireland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

FOR

ASHWOOD AGENCIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Noel Stone

Anni Stone

SECRETARY:

Noel Stone

REGISTERED OFFICE:

62A Kings Road

Belfast

BT5 6JL

REGISTERED NUMBER:

NI018070 (Northern Ireland)

ACCOUNTANTS:

MB McGrady & Co

Chartered Accountants

85 University Street

Belfast

Co. Antrim

BT7 1HP

FIXED ASSETS

Tangible assets

2

97,743

102,059

Investments

3

100,000

-

197,743

102,059

CURRENT ASSETS

Debtors

168,665

141,050

Cash at bank and in hand

567,179

669,921

735,844

810,971

CREDITORS

Amounts falling due within one year

471,370

416,348

NET CURRENT ASSETS

264,474

394,623

TOTAL ASSETS LESS CURRENT LIABILITIES

462,217

496,682

PROVISIONS FOR LIABILITIES

1,253

1,103

NET ASSETS

460,964

495,579

CAPITAL AND RESERVES

Called up share capital

4

710

710

Capital redemption reserve

290

290

Profit and loss account

459,964

494,579

SHAREHOLDERS' FUNDS

460,964

495,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7th September 2015 and were signed on its behalf by:

Noel Stone - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of

Value Added Tax.

Fixed assets

All fixed assets are recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful

economic life of that asset as follows:

Freehold Property - 2% Straight line

Plant & Machinery - 20% Reducing balance

Fixtures & Fittings - 15% Reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed

assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent

that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no

provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not

that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement

assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Pension costs

The company operates a defined contribution pension scheme for directors. The assets of the scheme are held

separately from those of the company. The annual contributions payable are charged to the profit and loss

account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

214,821

DEPRECIATION

At 1st April 2014

112,762

Charge for year

4,316

At 31st March 2015

117,078

NET BOOK VALUE

At 31st March 2015

97,743

At 31st March 2014

102,059

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

100,000

At 31st March 2015

100,000

NET BOOK VALUE

At 31st March 2015

100,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

710

Ordinary shares

£1

710

710

5.

PENSIONS

The company paid a total of £40,000 (2014: £15,000) in two self invested personal pensions established for the

benefit of two directors.