Bob Costello Associates Limited - Abbreviated accounts 16.3
Bob Costello Associates Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MAY 2016 |
| FOR |
| BOB COSTELLO ASSOCIATES LIMITED |
| BOB COSTELLO ASSOCIATES LIMITED (REGISTERED NUMBER: 02932701) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MAY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| BOB COSTELLO ASSOCIATES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MAY 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| BOB COSTELLO ASSOCIATES LIMITED (REGISTERED NUMBER: 02932701) |
| ABBREVIATED BALANCE SHEET |
| 31ST MAY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on by: |
| BOB COSTELLO ASSOCIATES LIMITED (REGISTERED NUMBER: 02932701) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MAY 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared in accordance with the special provisions of part 15 of the |
| Companies Act 2006 relating to small companies and with the Financial Reporting Statement for Smaller Entities |
| (Effective January 2015). |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and are in accordance with |
| applicable accounting standards. |
| Turnover |
| Turnover represents the value of services provided under contracts to the extent that there is a right to |
| consideration and is recorded at the value of the consideration due net of Value Added Tax. |
| Where a contract hs only been partly completed at the balance sheet date turnover represents the value of the |
| services provided to date based on a proportion of the total expected consideration at completion. Where |
| payments are received from customer in advance of services provided, the amounts are recorded as deferred |
| income and included as part of creditors due within one year. |
| Tangible fixed assets |
| Improvements to property | - |
| Equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| 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. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st June 2015 |
| Additions |
| At 31st May 2016 |
| DEPRECIATION |
| At 1st June 2015 |
| Charge for year |
| At 31st May 2016 |
| NET BOOK VALUE |
| At 31st May 2016 |
| At 31st May 2015 |
| BOB COSTELLO ASSOCIATES LIMITED (REGISTERED NUMBER: 02932701) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST MAY 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st May 2016 and |
| 31st May 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |