Peter Mathias Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03240854 (England and Wales)

Abbreviated Accounts for the Year Ended 31st August 2014

for

Peter Mathias Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Mathias

REGISTERED OFFICE:

36 Alexandra Court

The Esplanade

Penarth

South Glamorgan

CF64 3LA

REGISTERED NUMBER:

03240854 (England and Wales)

FIXED ASSETS

Tangible assets

2

87,116

87,208

CURRENT ASSETS

Debtors

18,128

14,404

Cash at bank

186

3,519

18,314

17,923

CREDITORS

Amounts falling due within one year

3

50,626

44,125

NET CURRENT LIABILITIES

(32,312

)

(26,202

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,804

61,006

CREDITORS

Amounts falling due after more than one year

3

49,120

54,763

NET ASSETS

5,684

6,243

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

5,683

6,242

SHAREHOLDERS' FUNDS

5,684

6,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 28th May 2015 and were signed by:

Mr P Mathias - 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 amounts receivable for goods and services provided in the normal course of

business, net of trade discounts, VAT (due under the flat rate scheme) and other sales related taxes.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

20% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

and 31st August 2014

90,651

DEPRECIATION

At 1st September 2013

3,443

Charge for year

92

At 31st August 2014

3,535

NET BOOK VALUE

At 31st August 2014

87,116

At 31st August 2013

87,208

3.

CREDITORS

Creditors include an amount of £ 65,008 (2013 - £ 70,651 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2014

and 31st August 2013:

2014

2013

£

£

Mr P Mathias

Balance outstanding at start of year

10,912

16,239

Amounts advanced

29,080

-

Amounts repaid

(25,851

)

(5,327

)

Balance outstanding at end of year

14,141

10,912