Leary & Co Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08424169 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 28 FEBRUARY 2013 TO 31 MAY 2014

FOR

LEARY & CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B Leary

REGISTERED OFFICE:

Willoughby Lodge

Waterly Lane

Corley

Coventry

CV7 8AJ

REGISTERED NUMBER:

08424169 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

2

741

CURRENT ASSETS

Debtors

8,481

Cash at bank

1,554

10,035

CREDITORS

Amounts falling due within one year

6,135

NET CURRENT ASSETS

3,900

TOTAL ASSETS LESS CURRENT LIABILITIES

4,641

CREDITORS

Amounts falling due after more than one year

(1,059

)

PROVISIONS FOR LIABILITIES

(148

)

NET ASSETS

3,434

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

3,433

SHAREHOLDERS' FUNDS

3,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 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 30 July 2014 and were signed by:

B Leary - 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 April 2008).

Turnover

Turnover represents fees received in the period.

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

-

33% reducing balance

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

Additions

1,001

At 31 May 2014

1,001

DEPRECIATION

Charge for period

260

At 31 May 2014

260

NET BOOK VALUE

At 31 May 2014

741

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a balance of £8,482 due from the director. There is no interest due or repayable on

this amount.

The director has also guaranteed the bank loan to a maximum liability of £1,500.