Cambridge Associates in Management Limited - Period Ending 2014-09-30

Registration number: 01741285

Cambridge Associates in Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

ProEdge Accounting Limited
  Long Meadow
  8a New Road
  Mepal
  Ely
  CB6 2AP

Cambridge Associates in Management Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cambridge Associates in Management Limited
(Registration number: 01741285)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					105,999			105,999
Tangible fixed assets					89,567			6,605
					195,566			112,604
Current assets
Debtors					7,807			2,786
Cash at bank and in hand					292,985			233,157
					300,792			235,943
Creditors: Amounts falling due within one year					(268,914)			(292,222)
Net current assets/(liabilities)					31,878			(56,279)
Net assets					227,444			56,325
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					227,344			56,225
Shareholders' funds					227,444			56,325

For the year ending 30 September 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 13 April 2015 and signed on its behalf by:

.........................................
  Mr GW Brash-Hall
  Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Cambridge Associates in Management Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

In the opinion of the director, it is unlikely that the goodwill will reduce in the foreseeable future and it portrays a true and fair goodwill value of the asset of the company, amortisation of the asset has been excluded.

Asset class	Amortisation method and rate
Goodwill	No amortisation

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	3 year life
Property improvements	10 year life

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Cambridge Associates in Management Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2013		105,999			12,586			118,585
Additions		-			98,424			98,424
At 30 September 2014		105,999			111,010			217,009
Depreciation
At 1 October 2013		-			5,981			5,981
Charge for the year		-			15,462			15,462
At 30 September 2014		-			21,443			21,443
Net book value
At 30 September 2014		105,999			89,567			195,566
At 30 September 2013		105,999			6,605			112,604

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by Mr GW Brash-Hall who owns 100% of the called up share capital.

Page 3