Edward Senior Associates Limited - Period Ending 2016-07-31

Registration number: 05514889

Edward Senior Associates Limited

trading as Edward Senior Associates Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

Edward Senior Associates Limited
trading as Edward Senior Associates Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Edward Senior Associates Limited
trading as Edward Senior Associates Ltd
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Edward Senior Associates Limited for the year ended 31 July 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Edward Senior Associates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Edward Senior Associates Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edward Senior Associates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Edward Senior Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Edward Senior Associates Limited. You consider that Edward Senior Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Edward Senior Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

24 January 2017

Page 1

Edward Senior Associates Limited
trading as Edward Senior Associates Ltd
(Registration number: 05514889)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,081			1,441
Current assets
Debtors					4,062			1,280
Cash at bank and in hand					126			50,668
					4,188			51,948
Creditors: Amounts falling due within one year					(1,393)			(14,088)
Net current assets					2,795			37,860
Net assets					3,876			39,301
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					2,876			38,301
Shareholders' funds					3,876			39,301

For the year ending 31 July 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 her 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 24 January 2017

.........................................
Ms Jacqueline Wye
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Edward Senior Associates Limited
trading as Edward Senior Associates Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 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 goods and 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
Office equipment	25% Reducing balance basis

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 August 2015		5,019			5,019
At 31 July 2016		5,019			5,019
Depreciation
At 1 August 2015		3,578			3,578
Charge for the year		360			360
At 31 July 2016		3,938			3,938
Net book value
At 31 July 2016		1,081			1,081
At 31 July 2015		1,441			1,441

Page 3

Edward Senior Associates Limited
trading as Edward Senior Associates Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary voting shares of £1 each		1,000			1,000			1,000			1,000

Page 4