For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04609791
C M Accountancy Ltd
For the year ended 31 December 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
C M Accountancy Ltd
Accountants' Report
For the year ended 31 December 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
31
|
December
2014
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you to fulfil
|
your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
C M Accountancy Ltd
Woodcote,Park Farm
Tolleshunt Knights
Maldon
Essex
CM9 8HB
17 September 2015
1 of 4
Notes to the Abbreviated Financial Statements
|
C M Accountancy Ltd
For the year ended 31 December 2014
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
|
shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Office Equipment
3 of 4
Notes to the Abbreviated Financial Statements
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C M Accountancy Ltd
For the year ended 31 December 2014
3,352
3,352
1,872
220
Charge for year
2,092
1,260
1,480
100
Ordinary shares of £
1
.
00
each
|
Allotted called up and fully paid
|
2014
2013
1
Ordinary shares of £
1
.
00
each
|
1
1
1
1
4 of 4