The Anfield Wrap Magazine Limited - Period Ending 2016-06-30

Registration number: 08163899

The Anfield Wrap Magazine Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Andrew Keates & Associates Limited
Accountants & Tax Advisors
Clock Tower House
Trueman Street
Liverpool
Merseyside
L3 2BA

The Anfield Wrap Magazine Limited
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.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Anfield Wrap Magazine Limited
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Anfield Wrap Magazine Limited for the year ended 30 June 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of The Anfield Wrap Magazine 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 The Anfield Wrap Magazine Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Anfield Wrap Magazine Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Anfield Wrap Magazine 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 profit of The Anfield Wrap Magazine Limited. You consider that The Anfield Wrap Magazine 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 The Anfield Wrap Magazine 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.

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

Andrew Keates & Associates Limited
Accountants & Tax Advisors
Clock Tower House
Trueman Street
Liverpool
Merseyside
L3 2BA

31 March 2017

Page 1

The Anfield Wrap Magazine Limited
(Registration number: 08163899)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					11,073			2,746
Current assets
Debtors					2,011			10,000
Cash at bank and in hand					76,469			28,560
					78,480			38,560
Creditors: Amounts falling due within one year					(25,646)			(2,303)
Net current assets					52,834			36,257
Net assets					63,907			39,003
Capital and reserves
Called up share capital		3			319			305
Share premium account					209,695			209,695
Profit and loss account					(146,107)			(170,997)
Shareholders' funds					63,907			39,003

For the year ending 30 June 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 31 March 2017 and signed on its behalf by:

.........................................
Mr G Roberts
Director

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

The Anfield Wrap Magazine Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 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	20% on straight line basis

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		4,016			4,016
Additions		11,413			11,413
At 30 June 2016		15,429			15,429
Depreciation
At 1 July 2015		1,270			1,270
Charge for the year		3,086			3,086
At 30 June 2016		4,356			4,356
Net book value
At 30 June 2016		11,073			11,073
At 30 June 2015		2,746			2,746

Page 3

The Anfield Wrap Magazine Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A Shares of £0.10 (2015 - £1) each		3,000			300			200			200
Ordinary B Shares of £0.01 (2015 - £0.10) each		1,895			19			1,050			105
		4,895			319			1,250			305

Page 4