Company Registration No. 02310410 (England and Wales)
DAVID ABBOTT & PARTNERS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
DAVID ABBOTT & PARTNERS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DAVID ABBOTT & PARTNERS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,097
1,193
Current assets
Debtors
5,558
9,689
Cash at bank and in hand
37,391
4,216
42,949
13,905
Creditors: amounts falling due within one year
(16,520)
(4,952)
Net current assets
26,429
8,953
Total assets less current liabilities
27,526
10,146
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
26,526
9,146
Shareholders' funds
27,526
10,146
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 July 2014
Mr D C Abbott
Director
Company Registration No. 02310410
DAVID ABBOTT & PARTNERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% straight line
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
19,104
Additions
495
At 31 March 2014
19,599
Depreciation
At 1 April 2013
17,911
Charge for the year
591
At 31 March 2014
18,502
Net book value
At 31 March 2014
1,097
At 31 March 2013
1,193
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
2014-03-312013-04-01truetruetruefalsetruetruetmp7F36.html2014-07-23023104102013-04-012014-03-31023104102014-03-31023104102013-03-31023104102013-03-3102310410uk-bus:Director12013-04-012014-03-3102310410uk-gaap:FixturesFittingsToolsEquipment2013-04-012014-03-3102310410uk-bus:OrdinaryShareClass12013-04-012014-03-3102310410uk-bus:OrdinaryShareClass12014-03-3102310410uk-bus:OrdinaryShareClass12013-03-3102310410uk-curr:PoundSterling2013-04-012014-03-31xbrli:purexbrli:sharesiso4217:GBP
