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Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
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EXPENSE REDUCTION MANAGEMENT LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
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for |
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EXPENSE REDUCTION MANAGEMENT LIMITED |
EXPENSE REDUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: SC277150) |
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Contents of the Abbreviated Accounts |
for the year ended 31 March 2016 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 4 |
EXPENSE REDUCTION MANAGEMENT LIMITED |
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Company Information |
for the year ended 31 March 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Expense Reduction Management Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages three to four) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of Expense Reduction Management Limited for the year ended 31 March 2016 |
which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's |
accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of Expense Reduction Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Expense Reduction Management Limited and state those matters that we have agreed to state to the Board of Directors of Expense Reduction Management Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Expense Reduction Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Expense Reduction Management Limited. You consider that Expense Reduction Management Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Expense Reduction Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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12 July 2016 |
EXPENSE REDUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: SC277150) |
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Abbreviated Balance Sheet |
31 March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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EXPENSE REDUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: SC277150) |
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Notes to the Abbreviated Accounts |
for the year ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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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 January 2015). |
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Turnover |
Turnover comprises revenue recognised by the company in respect of services supplied during the |
year, exclusive of Value Added Tax. Revenue is recognised at the date of invoice. |
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Tangible fixed assets |
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Computer equipment | - |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
and 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary Shares | £1 |
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4. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling parties of the company are the two directors who each own 50% of the |
company's share capital. |