Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Bankruptcy Advisory Service Ltd
Contents
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Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bankruptcy Advisory Service Ltd
for the Year Ended 30 November 2015
You consider that the company is exempt from an audit for the year ended 30 November 2015. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
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Moulds & Co Accountants
Unit 10
York Road Estate
Wetherby
West Yorkshire
LS22 7SU
30 March 2016
Bankruptcy Advisory Service Ltd
(Registration number: 04934246)
Abbreviated Balance Sheet at 30 November 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mrs Gill Hankey
Director
2
Bankruptcy Advisory Service Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Asset class |
Depreciation method and rate |
Plant and machinery |
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Financial instruments
Bankruptcy Advisory Service Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 December 2014 |
50,000 |
3,975 |
53,975 |
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At 30 November 2015 |
50,000 |
3,975 |
53,975 |
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Depreciation |
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At 1 December 2014 |
50,000 |
3,317 |
53,317 |
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Charge for the year |
- |
219 |
219 |
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At 30 November 2015 |
50,000 |
3,536 |
53,536 |
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Net book value |
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At 30 November 2015 |
- |
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At 30 November 2014 |
- |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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