Company Registration No. 07249205 (England and Wales)
AMANDA BAINES ASSOCIATES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2015
AMANDA BAINES ASSOCIATES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AMANDA BAINES ASSOCIATES LTD
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,499
271
Current assets
Debtors
8,503
10,917
Cash at bank and in hand
6
645
8,509
11,562
Creditors: amounts falling due within one year
(9,483)
(17,789)
Net current liabilities
(974)
(6,227)
Total assets less current liabilities
525
(5,956)
Provisions for liabilities
(300)
-
225
(5,956)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
224
(5,957)
Shareholders' funds
225
(5,956)
For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 February 2016
Mrs A Baines
Director
Company Registration No. 07249205
AMANDA BAINES ASSOCIATES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. On this basis the accounts have been prepared on a going concern basis.
1.2
Turnover
Turnover represents amounts receivable management consultancy services net of VAT.
management consultancy
services net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2014
483
Additions
1,728
At 31 May 2015
2,211
Depreciation
At 1 June 2014
212
Charge for the year
500
At 31 May 2015
712
Net book value
At 31 May 2015
1,499
At 31 May 2014
271
AMANDA BAINES ASSOCIATES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
4
Control
The company is under the control of its director Mrs A J Baines who owns 100% of the called up share capital.