COONEY_ASSOCIATES_LIMITED - Accounts

COONEY ASSOCIATES LIMITED - Company Information

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Company Registration No. 06473559 (England and Wales)

COONEY ASSOCIATES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

COONEY ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

COONEY ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

461

432

Current assets

Debtors

15,023

12,744

Investments

120,659

81,066

Cash at bank and in hand

106,200

85,806

241,882

179,616

Creditors: amounts falling due within one year

(35,000)

(30,503)

Net current assets

206,882

149,113

Total assets less current liabilities

207,343

149,545

Capital and reserves

Called up share capital

Profit and loss account

207,342

149,544

Shareholders' funds

207,343

149,545

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 June 2016

Ms S Cooney

Director

Company Registration No. 06473559

COONEY ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Office equipment

25% reducing balance basis

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 February 2015

886

Additions

183

At 31 January 2016

1,069

Depreciation

At 1 February 2015

454

Charge for the year

154

At 31 January 2016

608

Net book value

At 31 January 2016

461

At 31 January 2015

432

COONEY ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary shares of £1 each