The TAX Partnership (Derby) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04702791 (England and Wales)

THE TAX PARTNERSHIP (DERBY) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

Mrs D J Hopkinson

Mr S A Oates

REGISTERED OFFICE:

2 Cheapside

Derby

Derbyshire

DE1 1BR

REGISTERED NUMBER:

04702791 (England and Wales)

ACCOUNTANTS:

The TAX Partnership

2 Cheapside

Derby

Derbyshire

DE1 1BR

FIXED ASSETS

Intangible assets

2

34,000

36,000

Tangible assets

3

33,538

26,882

67,538

62,882

CURRENT ASSETS

Debtors

28,889

24,249

Cash at bank and in hand

19,130

17,035

48,019

41,284

CREDITORS

Amounts falling due within one year

72,013

74,014

NET CURRENT LIABILITIES

(23,994

)

(32,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,544

30,152

CREDITORS

Amounts falling due after more than one year

(9,960

)

-

PROVISIONS FOR LIABILITIES

(4,812

)

(2,186

)

NET ASSETS

28,772

27,966

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

28,770

27,964

SHAREHOLDERS' FUNDS

28,772

27,966

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 30 December 2015 and were signed on its behalf by:

Mrs D J Hopkinson - Director

Mr S A Oates - 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

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2014

and 31 March 2015

90,000

Amortisation

At 1 April 2014

54,000

Amortisation for year

2,000

At 31 March 2015

56,000

Net book value

At 31 March 2015

34,000

At 31 March 2014

36,000

3.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2014

53,957

Additions

12,924

At 31 March 2015

66,881

Depreciation

At 1 April 2014

27,075

Charge for year

6,268

At 31 March 2015

33,343

Net book value

At 31 March 2015

33,538

At 31 March 2014

26,882

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

1

2

2

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2015 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

The TAX Partnership

2 Cheapside

Derby

Derbyshire

DE1 1BR

Date: .............................................