Company Registration No. 08139568 (England and Wales)
BARRY CORNELIUS ASSOCIATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
BARRY CORNELIUS ASSOCIATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BARRY CORNELIUS ASSOCIATES LIMITED
ABBREVIATED BALANCE SHEET - UNAUDITED
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
506
674
Current assets
Debtors
64,421
28,909
Cash at bank and in hand
68,878
18,974
133,299
47,883
Creditors: amounts falling due within one year
(100,398)
(43,438)
Net current assets
32,901
4,445
Total assets less current liabilities
33,407
5,119
Provisions for liabilities
(101)
(135)
33,306
4,984
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
33,206
4,884
Shareholders' funds
33,306
4,984
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 25 January 2016
Mr P B Cornelius
Director
Company Registration No. 08139568
BARRY CORNELIUS ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED
FOR THE YEAR ENDED 31 JULY 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).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover and profit before taxation are attributable to the one principal activity of the company, all of which arises in the United Kingdom.
profit
before taxation are attributable to the one principal activity of the company, all of which arises in the United Kingdom.
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:
Fixtures, fittings & equipment
25% per annum on reducing balance method
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 August 2014 & at 31 July 2015
1,222
Depreciation
At 1 August 2014
548
Charge for the year
168
At 31 July 2015
716
Net book value
At 31 July 2015
506
At 31 July 2014
674
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100