Myers Accounting Services Ltd
|
Registered number: |
08084327
|
Balance Sheet |
as at 30 September 2016
|
|
Notes |
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|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
85 |
|
|
145 |
|
Current assets |
Debtors |
4 |
|
2,399 |
|
|
190 |
Cash at bank and in hand |
|
|
411 |
|
|
1,639 |
|
|
|
2,810 |
|
|
1,829 |
|
Creditors: amounts falling due within one year |
5 |
|
(2,042) |
|
|
(787) |
|
Net current assets |
|
|
|
768 |
|
|
1,042 |
|
Total assets less current liabilities |
|
|
|
853 |
|
|
1,187 |
|
|
Provisions for liabilities |
|
|
|
(17) |
|
|
(29) |
|
|
Net assets |
|
|
|
836 |
|
|
1,158 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
20 |
|
|
20 |
Profit and loss account |
|
|
|
816 |
|
|
1,138 |
|
Shareholder's funds |
|
|
|
836 |
|
|
1,158 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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|
|
|
|
C I Myers Esq |
Director |
Approved by the board on 19 June 2017
|
|
Myers Accounting Services Ltd
|
Notes to the Accounts |
for the year ended 30 September 2016
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|
|
1 |
Accounting policies |
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|
Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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|
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
|
|
|
Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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|
|
Plant and equipment |
over 5 years |
|
|
Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
|
|
|
Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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|
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. Current and deferred tax assets and liabilities are not discounted.
|
|
|
2 |
Employees |
2016 |
|
2015 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 October 2015 |
300 |
|
At 30 September 2016 |
300 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2015 |
155 |
|
Charge for the year |
60 |
|
At 30 September 2016 |
215 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
85 |
|
At 30 September 2015 |
145 |
|
|
4 |
Debtors |
2016 |
|
2015 |
£ |
£ |
|
|
Trade debtors |
200 |
|
190 |
|
Other debtors |
2,199 |
|
- |
|
|
|
|
|
|
2,399 |
|
190 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
£ |
£ |
|
|
Trade creditors |
420 |
|
27 |
|
Corporation tax |
319 |
|
318 |
|
Other creditors |
1,303 |
|
442 |
|
|
|
|
|
|
2,042 |
|
787 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
C I Myers Esq
|
|
Current account
|
(23) |
|
2,543 |
|
(1,821) |
|
699 |
|
|
|
(23) |
|
2,543 |
|
(1,821) |
|
699 |
|
|
|
|
|
|
|
|
|
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The above loan is repayable on demand and is not subject to interest. The loan was fully repaid within 9 months of the year end. |
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7 |
Related party transactions |
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The company paid dividends of £1,550 to Mr C I Myers (director) during the year.
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8 |
Controlling party |
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The company is under the control of Mr C I Myers (director).
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9 |
Other information |
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Myers Accounting Services Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Aros y Wennol |
|
Llangolman |
|
Clynderwen |
|
Pembrokeshire |