Andrew Michael Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07134030 (England and Wales)

Financial Statements

for the Year Ended 31 March 2019

for

ANDREW MICHAEL ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Michael

Mrs S Michael

REGISTERED OFFICE:

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

REGISTERED NUMBER:

07134030 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

3

1,070

1,471

Investments

4

10

10

1,080

1,481

CURRENT ASSETS

Cash at bank

3,609

1,741

CREDITORS

Amounts falling due within one year

5

3,931

2,751

NET CURRENT LIABILITIES

(322

)

(1,010

)

TOTAL ASSETS LESS CURRENT LIABILITIES

758

471

PROVISIONS FOR LIABILITIES

205

281

NET ASSETS

553

190

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

453

90

SHAREHOLDERS' FUNDS

553

190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 18 October 2019 and were signed on its behalf by:

A M Michael - Director

1.	STATUTORY INFORMATION

Andrew Michael Associates Ltd is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the invoice value of services supplied for the period exclusive of value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off assets to their estimated residual values by the end of their useful lives at

the following annual rate:

Computer equipment - 20% of cost

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 taxation

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.	TANGIBLE FIXED ASSETS

Office

furniture

and

equipment

£

COST

At 1 April 2018

8,268

Additions

449

At 31 March 2019

8,717

DEPRECIATION

At 1 April 2018

6,797

Charge for year

850

At 31 March 2019

7,647

NET BOOK VALUE

At 31 March 2019

1,070

At 31 March 2018

1,471

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2018

and 31 March 2019

10

NET BOOK VALUE

At 31 March 2019

10

At 31 March 2018

10

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

33

31

Corporation tax

1,569

1,278

Directors' current accounts

1,464

578

Accrued expenses

865

864

3,931

2,751