SUM_ANSWERS_LTD - Accounts

SUM ANSWERS LIMITED - Company Information

Print Friendly Version

Company Registration No. 05477422 (England and Wales)

SUM ANSWERS LTD

TRADING AS TAXASSIST ACCOUNTANTS

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

SUM ANSWERS LTD

TRADING AS TAXASSIST ACCOUNTANTS

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SUM ANSWERS LTD

TRADING AS TAXASSIST ACCOUNTANTS

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

5,752

5,913

Current assets

Debtors

39,738

43,558

39,738

43,558

Creditors: amounts falling due within one year

(44,418)

(49,219)

Net current liabilities

(4,680)

(5,661)

Total assets less current liabilities

1,072

252

Capital and reserves

Called up share capital

Profit and loss account

1,052

232

Shareholders' funds

1,072

252

For the financial year ended 30 April 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 his 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 3 November 2016

K Loader MAAT

Director

Company Registration No. 05477422

SUM ANSWERS LTD

TRADING AS TAXASSIST ACCOUNTANTS

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 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:

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2015

36,681

Additions

1,757

At 30 April 2016

38,438

Depreciation

At 1 May 2015

30,768

Charge for the year

1,918

At 30 April 2016

32,686

Net book value

At 30 April 2016

5,752

At 30 April 2015

5,913

Share capital

2016

2015

Allotted, called up and fully paid

20 Ordinary of £1 each