Ashwood Agencies Limited - Abbreviated accounts 16.1
Ashwood Agencies Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
FOR |
ASHWOOD AGENCIES LIMITED |
ASHWOOD AGENCIES LIMITED (REGISTERED NUMBER: NI018070) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 3 |
ASHWOOD AGENCIES LIMITED (REGISTERED NUMBER: NI018070) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Capital redemption reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
ASHWOOD AGENCIES LIMITED (REGISTERED NUMBER: NI018070) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2016 |
The financial statements were approved by the Board of Directors on |
ASHWOOD AGENCIES LIMITED (REGISTERED NUMBER: NI018070) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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 January 2015). |
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. |
ASHWOOD AGENCIES LIMITED (REGISTERED NUMBER: NI018070) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
DEPRECIATION |
At 1 April 2015 |
Charge for year |
At 31 March 2016 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 April 2015 | 100,000 |
Additions | 48,168 |
At 31 March 2016 | 148,168 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary shares | £1 |