Abbreviated Company Accounts - ACCOUNTING CONNEXIONS LTD

Abbreviated Company Accounts - ACCOUNTING CONNEXIONS LTD


Registered Number 04699075

ACCOUNTING CONNEXIONS LTD

Abbreviated Accounts

31 March 2016

ACCOUNTING CONNEXIONS LTD Registered Number 04699075

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 5,562 6,312
5,562 6,312
Current assets
Stocks 500 250
Debtors - 250
500 500
Creditors: amounts falling due within one year (16,320) (14,429)
Net current assets (liabilities) (15,820) (13,929)
Total assets less current liabilities (10,258) (7,617)
Total net assets (liabilities) (10,258) (7,617)
Capital and reserves
Called up share capital 3 1,000 1,000
Profit and loss account (11,258) (8,617)
Shareholders' funds (10,258) (7,617)
  • For the year ending 31 March 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 directors acknowledge their 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 Board on 29 December 2016

And signed on their behalf by:
Mr K Stothard, Director

ACCOUNTING CONNEXIONS LTD Registered Number 04699075

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

2Intangible fixed assets
£
Cost
At 1 April 2015 15,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 15,000
Amortisation
At 1 April 2015 8,688
Charge for the year 750
On disposals -
At 31 March 2016 9,438
Net book values
At 31 March 2016 5,562
At 31 March 2015 6,312
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1,000Ordinary shares of £1 each 1,000 1,000