Emmerson Accountancy Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 05407078 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Emmerson Accountancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W R Emmerson

P K Emmerson

Miss V J Mullock

Mrs K Emmerson

SECRETARY:

M W R Emmerson

REGISTERED OFFICE:

Atlantic Business Centre

Atlantic Street

Altrincham

Cheshire

WA14 5NQ

REGISTERED NUMBER:

05407078 (England and Wales)

ACCOUNTANTS:

Emmerson Accountancy Ltd

Atlantic Business Centre

Atlantic Street

Altrincham

Cheshire

WA14 5NQ

FIXED ASSETS

Tangible assets

3

8,689

9,268

CURRENT ASSETS

Debtors

4

117,422

126,844

Cash at bank and in hand

48,852

13,921

166,274

140,765

CREDITORS

Amounts falling due within one year

5

86,157

72,800

NET CURRENT ASSETS

80,117

67,965

TOTAL ASSETS LESS CURRENT LIABILITIES

88,806

77,233

CREDITORS

Amounts falling due after more than one year

6

19,550

15,000

NET ASSETS

69,256

62,233

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

69,248

62,225

SHAREHOLDERS' FUNDS

69,256

62,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 May 2017 and were signed on its behalf by:

M W R Emmerson - Director

1.	STATUTORY INFORMATION

Emmerson Accountancy Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

6,142

23,794

29,936

Additions

-

2,100

2,100

At 31 March 2017

6,142

25,894

32,036

DEPRECIATION

At 1 April 2016

4,518

16,150

20,668

Charge for year

243

2,436

2,679

At 31 March 2017

4,761

18,586

23,347

NET BOOK VALUE

At 31 March 2017

1,381

7,308

8,689

At 31 March 2016

1,624

7,644

9,268

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

94,479

101,343

Other debtors

22,943

25,501

117,422

126,844

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

7,963

-

Trade creditors

6,043

5,463

Taxation and social security

65,997

56,353

Other creditors

6,154

10,984

86,157

72,800

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

19,550

15,000