Registered Number 09874503
A J WALTON ARCHITECTURE AND SURVEYING LIMITED
Abbreviated Accounts
30 November 2016
Notes | 2016 | ||
---|---|---|---|
£ | |||
Called up share capital not paid |
|
||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|||
Current assets | |||
Debtors |
|
||
Cash at bank and in hand |
|
||
|
|||
Creditors: amounts falling due within one year |
( |
||
Net current assets (liabilities) |
( |
||
Total assets less current liabilities |
( |
||
Total net assets (liabilities) |
( |
||
Capital and reserves | |||
Called up share capital |
|
||
Profit and loss account |
( |
||
Shareholders' funds |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The following accounting policies have been used consistently in dealing with items
which are considered material to the company's affairs.
(a) Accounting convention
The financial statements are prepared under the historical cost
convention and in accordance with the Financial Reporting Standards for Smaller
Entities. (Effective April 2008)
(b) Turnover
Turnover represents work done within the financial year..
(c) Deferred taxation
Deferred taxation is recognised in respect of all timing differences that have originated
but not reversed at the balance sheet date where transactions or events have occurred at
that date that will result in an obligation to pay more, or a right to pay less or to receive
more tax
Deferred tax is a measurement on a discounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws
enacted or substantively enacted at the balance sheet date.
(d) Depreciation
Tangible Fixed Assets are written off over their estimated useful lives on a straight-line
bais at the following rates
Office Equipment 33.3% per annum
(e) Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into.An equity instrument is any contract that evidences
a residual interest in the assets of the entity after deducting all of its financial liabilities.
£ | |
---|---|
Cost | |
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 November 2016 |
|
Depreciation | |
Charge for the year |
|
On disposals |
|
At 30 November 2016 |
|
Net book values | |
At 30 November 2016 | 1,963 |