EMPLOYERS_AIDE_LTD - Accounts

EMPLOYERS' AIDE LIMITED - Company Information

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Company Registration No. 06163749 (England and Wales)

EMPLOYERS AIDE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

EMPLOYERS AIDE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EMPLOYERS AIDE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

13,167

16,511

Current assets

Debtors

5,090

5,390

Cash at bank and in hand

11,201

19,458

16,291

24,848

Creditors: amounts falling due within one year

(61,303)

(44,060)

Net current liabilities

(45,012)

(19,212)

Total assets less current liabilities

(31,845)

(2,701)

Creditors: amounts falling due after more than one year

(8,210)

(14,367)

(40,055)

(17,068)

Capital and reserves

Called up share capital

Profit and loss account

(40,057)

(17,070)

Shareholders' funds

(40,055)

(17,068)

For the financial year ended 31 March 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 30 November 2016

Mrs Glennis Toms

Director

Company Registration No. 06163749

EMPLOYERS AIDE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 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 net invoiced sales of services, excluding value added tax.

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

10% on reducing balance

Computer equipment

33% on cost

Equipment

33% on cost and 10% on reducing balance

Motor vehicles

25% on reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

25,914

Depreciation

At 1 April 2015

9,403

Charge for the year

3,344

At 31 March 2016

12,747

Net book value

At 31 March 2016

13,167

At 31 March 2015

16,511

EMPLOYERS AIDE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary of £1 each