Efficacious Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07327357 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Efficacious Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L D Sheppard

SECRETARY:

Mrs K D Sheppard

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

REGISTERED NUMBER:

07327357 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

2

1,167

1,667

Investments

3

30

30

1,197

1,697

CURRENT ASSETS

Debtors

13,005

14,729

Cash at bank

223

632

13,228

15,361

CREDITORS

Amounts falling due within one year

13,653

16,717

NET CURRENT LIABILITIES

(425

)

(1,356

)

TOTAL ASSETS LESS CURRENT LIABILITIES

772

341

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

672

241

SHAREHOLDERS' FUNDS

772

341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 February 2017 and were signed by:

L D Sheppard - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

2,000

DEPRECIATION

At 1 August 2015

333

Charge for year

500

At 31 July 2016

833

NET BOOK VALUE

At 31 July 2016

1,167

At 31 July 2015

1,667

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2015

and 31 July 2016

30

NET BOOK VALUE

At 31 July 2016

30

At 31 July 2015

30

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

100

Ordinary

1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES