Registered Number 05750028


Abbreviated Accounts

31 March 2016


Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - -
Investments 3 441,009 441,185
441,009 441,185
Current assets
Debtors 294,906 378,676
Cash at bank and in hand 121 237
295,027 378,913
Creditors: amounts falling due within one year 4 (6,252) (102,619)
Net current assets (liabilities) 288,775 276,294
Total assets less current liabilities 729,784 717,479
Creditors: amounts falling due after more than one year 4 (7,821) (13,161)
Total net assets (liabilities) 721,963 704,318
Capital and reserves
Called up share capital 5 100 100
Profit and loss account 721,863 704,218
Shareholders' funds 721,963 704,318
  • For the year ending 31 March 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 9 December 2016

And signed on their behalf by:
Mr M C Evans, Director


Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% on cost
Equipment - 33.33% on cost

Valuation information and policy
Fixed Assets
All fixed assets are initially recorded at cost.

Fixed asset investments are stated at cost less any provision for permanent diminution in value.

Other accounting policies
Pension Costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets
At 1 April 2015 21,979
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 21,979
At 1 April 2015 21,979
Charge for the year -
On disposals -
At 31 March 2016 21,979
Net book values
At 31 March 2016 0
At 31 March 2015 0

3Fixed assets Investments
441,185 - Cost at 1st April 2016
(176) - Profit/(Loss)
441,009 - Cost at 31st March 2016
441,009 - Net book value at 31st March 2016
441,185 - Net book value at 31st March 2015

Secured Debts 14,073 19,412
5Called Up Share Capital
Allotted, called up and fully paid:
100 Ordinary shares of £1 each 100 100

6Transactions with directors

Name of director receiving advance or credit: Mr M C Evans
Description of the transaction: The following loans to directors subsisted during the years ended 31st March 2016
Balance at 1 April 2015: £ 302,931
Advances or credits made: £ 299
Advances or credits repaid: £ 76,000
Balance at 31 March 2016: £ 227,230

Interest has been charged on the loan at a rate of 3.25% up to 5th April 2015 and 3.00% thereafter. The loan is repayable on demand.