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REGISTERED NUMBER: 04500889














Unaudited Financial Statements

for the Year Ended 31 March 2017

for

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






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

123 Accounting Limited

Company Information
for the Year Ended 31 March 2017







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)

Abridged Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,832 5,065

CURRENT ASSETS
Stocks 630 938
Debtors - 600
Cash at bank - 70
630 1,608
CREDITORS
Amounts falling due within one year 3,244 4,463
NET CURRENT LIABILITIES (2,614 ) (2,855 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,218

2,210

PROVISIONS FOR LIABILITIES 164 205
NET ASSETS 2,054 2,005

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,052 2,003
SHAREHOLDERS' FUNDS 2,054 2,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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)

Abridged Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 1 September 2017 and were signed by:





Mrs D Chester - Director

123 Accounting Limited (Registered number: 04500889)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

123 Accounting Limited is a private company, limited by shares , registered in Not specified/Other. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Reconciliation statements showing the effect of transition to FRS 102 have not been included in these financial
statements as there have been no restatements to the figures previously reported upon transition to FRS 102.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.
Fixtures and fittings - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .
123 Accounting Limited (Registered number: 04500889)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016
and 31 March 2017 10,857
DEPRECIATION
At 1 April 2016 5,792
Charge for year 233
At 31 March 2017 6,025
NET BOOK VALUE
At 31 March 2017 4,832
At 31 March 2016 5,065

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