Abensons Law Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08182444 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Abensons Law Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E S Abenson

S Abenson

G E Evans

J S Nelson

REGISTERED OFFICE:

102 Allerton Road

Liverpool

Merseyside

L18 2DG

REGISTERED NUMBER:

08182444 (England and Wales)

ACCOUNTANTS:

Alexander Myerson & Co Limited

Alexander House

61 Rodney Street

Liverpool

Merseyside

L1 9ER

FIXED ASSETS

Intangible assets

2

531,050

-

Tangible assets

3

35,703

-

566,753

-

CURRENT ASSETS

Stocks

174,586

-

Debtors

502,256

-

Cash at bank and in hand

2,894

100

679,736

100

CREDITORS

Amounts falling due within one year

4

1,009,848

-

NET CURRENT (LIABILITIES)/ASSETS

(330,112

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

236,641

100

CREDITORS

Amounts falling due after more than one year

4

214,813

-

NET ASSETS

21,828

100

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

21,728

-

SHAREHOLDERS' FUNDS

21,828

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors on 21 January 2015 and were signed on its behalf by:

E S Abenson - Director

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 April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

559,000

At 31 March 2014

559,000

AMORTISATION

Amortisation for year

27,950

At 31 March 2014

27,950

NET BOOK VALUE

At 31 March 2014

531,050

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

42,959

At 31 March 2014

42,959

DEPRECIATION

Charge for year

7,256

At 31 March 2014

7,256

NET BOOK VALUE

At 31 March 2014

35,703

4.

CREDITORS

Creditors include an amount of £ 275,558 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

40

Ordinary A

£1

40

40

25

Ordinary B

£1

25

25

20

Ordinary C

£1

20

20

15

Ordinary D

£1

15

15

100

100

Each class of ordinary share rank Pari Passu.