Louise Rowland Associates Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07676958 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

LOUISE ROWLAND ASSOCIATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms L Rowland

REGISTERED OFFICE:

9 Chandlers Drive

Amington

Tamworth

Staffordshire

B77 4NY

REGISTERED NUMBER:

07676958 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

2

2,256

3,192

CURRENT ASSETS

Debtors

22,668

63,850

Cash at bank

52,921

27,875

75,589

91,725

CREDITORS

Amounts falling due within one year

11,041

27,258

NET CURRENT ASSETS

64,548

64,467

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,804

67,659

PROVISIONS FOR LIABILITIES

452

639

NET ASSETS

66,352

67,020

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

66,252

66,920

SHAREHOLDERS' FUNDS

66,352

67,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 November 2016 and were signed by:

Ms L Rowland - Director

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

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

6,335

DEPRECIATION

At 1 July 2015

3,143

Charge for year

936

At 30 June 2016

4,079

NET BOOK VALUE

At 30 June 2016

2,256

At 30 June 2015

3,192

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

£10

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a balance of £11,470 (2015 : £9,793) due from Ms L Rowland. There is no interest

due or repayable on this amount.