Alan McDowell Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: NI064670 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Alan McDowell Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A R McDowell

SECRETARY:

Mr. A R McDowell

REGISTERED OFFICE:

8 Canvy Manor

PORTADOWN

BT63 5LP

REGISTERED NUMBER:

NI064670 (Northern Ireland)

ACCOUNTANTS:

WHR Accountants Ltd

Chartered Certified Accountants

Statutory Auditors

56 English Street

Armagh

Co. Armagh

BT61 7LG

FIXED ASSETS

Intangible assets

2

4,500

6,000

Tangible assets

3

2,298

2,530

6,798

8,530

CURRENT ASSETS

Debtors

227

4,855

Cash at bank

3,017

2,707

3,244

7,562

CREDITORS

Amounts falling due within one year

7,833

15,113

NET CURRENT LIABILITIES

(4,589

)

(7,551

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,209

979

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,109

879

SHAREHOLDERS' FUNDS

2,209

979

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 his 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 25 February 2015 and were signed by:

A R McDowell - 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 2008, is being amortised evenly over its estimated useful life of nine years.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Deferred tax

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

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

18,000

AMORTISATION

At 1 June 2013

12,000

Amortisation for year

1,500

At 31 May 2014

13,500

NET BOOK VALUE

At 31 May 2014

4,500

At 31 May 2013

6,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

11,114

Additions

534

At 31 May 2014

11,648

DEPRECIATION

At 1 June 2013

8,584

Charge for year

766

At 31 May 2014

9,350

NET BOOK VALUE

At 31 May 2014

2,298

At 31 May 2013

2,530

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary

1

100

100