LIAM_SMYTH_LIMITED - Accounts


Company Registration No. 09589599 (England and Wales)
LIAM SMYTH LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
LIAM SMYTH LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LIAM SMYTH LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2016
31 May 2016
- 1 -
2016
Notes
£
£
Fixed assets
Intangible assets
2
11,000
Current assets
Cash at bank and in hand
25,607
Creditors: amounts falling due within one year
(25,384)
Net current assets
223
Total assets less current liabilities
11,223
Capital and reserves
Called up share capital
3
100
Profit and loss account
11,123
Shareholders'  funds
11,223
For the financial year ended 31 May 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 16 January 2017
Mr L Smyth
Director
Company Registration No. 09589599
LIAM SMYTH LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
2
Fixed assets
Intangible assets
£
Cost
At 13 May 2015
-
Additions
11,000
At 31 May 2016
11,000
3
Share capital
2016
£
Allotted, called up and fully paid
99 A Ordinary shares of £1 each
99
1 B Ordinary share of £1 each
1
100
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