Austin McKeown Consulting Ltd - Period Ending 2016-02-29

Registration number: 8902403

Austin McKeown Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

Beever and Struthers
Chartered Accountants
St Georges House
215 - 219 Chester Road
Manchester
M15 4JE

Austin McKeown Consulting Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Austin McKeown Consulting Ltd
(Registration number: 8902403)
Abbreviated Balance Sheet at 29 February 2016

		Note			29 February 2016 £			28 February 2015 £
Fixed assets
Tangible fixed assets					521			1,025
Current assets
Debtors					539			52,852
Cash at bank and in hand					58,997			23,646
					59,536			76,498
Creditors: Amounts falling due within one year					(2,313)			(19,139)
Net current assets					57,223			57,359
Net assets					57,744			58,384
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					57,644			58,284
Shareholders' funds					57,744			58,384

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 28 October 2016

......................................... Mr E P Austin Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Austin McKeown Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Cpmputer equipment	33% Straight Line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		1,529			1,529
At 29 February 2016		1,529			1,529
Depreciation
At 1 March 2015		504			504
Charge for the year		504			504
At 29 February 2016		1,008			1,008
Net book value
At 29 February 2016		521			521
At 28 February 2015		1,025			1,025

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Austin McKeown Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	29 February 2016						28 February 2015
		No.			£			No.			£
A Ordinary of £1 each		50			50			50			50
B Ordinary of £1 each		50			50			50			50
		100			100			100			100

4	Related party transactions

At the balance sheet date included in other debtors is an amount due from the directors of £539 (2015: £52,852.

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