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REGISTERED NUMBER: 04500889












Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

123 Accounting Limited
123 Accounting Limited (Registered number: 04500889)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4
123 Accounting Limited

Company Information
for the Year Ended 31 March 2016







DIRECTOR: Mrs D Chester





REGISTERED OFFICE: Hollybank
Old Wareham Road
Beacon Hill
Poole
Dorset
BH16 6AQ





REGISTERED NUMBER: 04500889





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF
123 Accounting Limited (Registered number: 04500889)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,065 5,321

CURRENT ASSETS
Stocks 938 1,882
Debtors 600 229
Cash at bank 70 -
1,608 2,111
CREDITORS
Amounts falling due within one year 4,463 4,454
NET CURRENT LIABILITIES (2,855 ) (2,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,210

2,978

PROVISIONS FOR LIABILITIES 205 262
NET ASSETS 2,005 2,716

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 2,003 2,714
SHAREHOLDERS' FUNDS 2,005 2,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.
123 Accounting Limited (Registered number: 04500889)

Abbreviated Balance Sheet - continued
31 March 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 21 December 2016 and were signed by:





Mrs D Chester - Director

123 Accounting Limited (Registered number: 04500889)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

1. ACCOUNTING POLICIES

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).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Turnover represents net invoiced sales of services, excluding value added tax, after adjustments for the value of work in
progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 10,857
DEPRECIATION
At 1 April 2015 5,536
Charge for year 256
At 31 March 2016 5,792
NET BOOK VALUE
At 31 March 2016 5,065
At 31 March 2015 5,321

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

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