Macintyre Art Advisory Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06259688 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

MACINTYRE ART ADVISORY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

H Macintyre

REGISTERED OFFICE:

24 Wandsworth Road

London

SW8 2JW

REGISTERED NUMBER:

06259688 (England and Wales)

ACCOUNTANTS:

SBM & Co

24 Wandsworth Road

London

SW8 2JW

FIXED ASSETS

Tangible assets

2

288

824

CURRENT ASSETS

Stocks

21,238

17,545

Debtors

72,651

2,568

Cash at bank and in hand

251,561

331,817

345,450

351,930

CREDITORS

Amounts falling due within one year

233,830

280,964

NET CURRENT ASSETS

111,620

70,966

TOTAL ASSETS LESS CURRENT LIABILITIES

111,908

71,790

CAPITAL AND RESERVES

Called up share capital

3

1,100

1,100

Profit and loss account

110,808

70,690

SHAREHOLDERS' FUNDS

111,908

71,790

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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.

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 February 2015 and were signed by:

H Macintyre - 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.

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

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

2,470

DEPRECIATION

At 1 June 2013

1,646

Charge for year

536

At 31 May 2014

2,182

NET BOOK VALUE

At 31 May 2014

288

At 31 May 2013

824

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,100

Ordinary

£1

1,100

1,100