Abbreviated Company Accounts - ASHBY PROFESSIONAL SERVICES LIMITED

ASHBY PROFESSIONAL SERVICES LIMITED - Company Information

03041575 ASHBY PROFESSIONAL SERVICES LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 03041575 2013-05-01 2014-04-30 03041575 2014-04-30 03041575 2013-04-30 03041575 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 03041575 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 03041575

ASHBY PROFESSIONAL SERVICES LIMITED

Abbreviated Accounts

30 April 2014

ASHBY PROFESSIONAL SERVICES LIMITED Registered Number 03041575

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	40,023	40,023
Investments	3	31,363	22,000
		71,386	62,023
Current assets
Cash at bank and in hand		836	10,135
		836	10,135
Creditors: amounts falling due within one year		(256)	(2,748)
Net current assets (liabilities)		580	7,387
Total assets less current liabilities		71,966	69,410
Total net assets (liabilities)		71,966	69,410
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		71,964	69,408
Shareholders' funds		71,966	69,410

For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 January 2015

And signed on their behalf by:
MICHAEL ROSEN, Director

ASHBY PROFESSIONAL SERVICES LIMITED Registered Number 03041575

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the
value of work done in the year, including estimates of amounts not invoiced. Turnover in
respect of long-term contracts and contracts for on-going services is recognised by reference to
the stage of completion.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:

Fixtures & Fittings - 33% on cost

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are
equivalent to a similar debt instrument, those financial instruments are classed as financial
liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and
gains or losses relating to financial liabilities are included in the profit and loss account. Finance
costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions
relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 May 2013	40,023
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	40,023
Depreciation
At 1 May 2013	-
Charge for the year	-
On disposals	-
At 30 April 2014	-
Net book values
At 30 April 2014	40,023
At 30 April 2013	40,023

Fixed assets

All fixed assets are initially recorded at cost.

3Fixed assets Investments
The listed investment comprise investments in Qualifying Corporate Bonds.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2