Abbreviated Company Accounts - M ADAMS & ASSOCIATES LIMITED

M ADAMS & ASSOCIATES LIMITED - Company Information

03902688 M ADAMS & ASSOCIATES LIMITED 2014-06-28 false 2013-06-30 2014-06-28 true 03902688 2013-06-30 2014-06-28 03902688 2014-06-28 03902688 2013-06-29 03902688 uk-gaap-cd-bus:Director1 2013-06-30 2014-06-28 03902688 uk-gaap-cd-bus:Director2 2013-06-30 2014-06-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 2014-06-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-29 iso4217:GBP shares

Registered Number 03902688

M ADAMS & ASSOCIATES LIMITED

Abbreviated Accounts

28 June 2014

M ADAMS & ASSOCIATES LIMITED Registered Number 03902688

Abbreviated Balance Sheet as at 28 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	2,327	4,863
Tangible assets	3	2,838	3,188
		5,165	8,051
Current assets
Stocks		5,838	5,120
Debtors		96,354	67,465
Cash at bank and in hand		23,844	27,060
		126,036	99,645
Creditors: amounts falling due within one year		(90,122)	(99,256)
Net current assets (liabilities)		35,914	389
Total assets less current liabilities		41,079	8,440
Creditors: amounts falling due after more than one year		(31,172)	-
Total net assets (liabilities)		9,907	8,440
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		9,905	8,438
Shareholders' funds		9,907	8,440

For the year ending 28 June 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 31 May 2015

And signed on their behalf by:
Mr Marios Adamou, Director

M ADAMS & ASSOCIATES LIMITED Registered Number 03902688

Notes to the Abbreviated Accounts for the period ended 28 June 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 January 2015 )

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Leasehold premises over the lease term
Office equipment , fixtures and fittings 20% reducing balance method

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 30 June 2013	25,362
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 June 2014	25,362
Amortisation
At 30 June 2013	20,499
Charge for the year	2,536
On disposals	-
At 28 June 2014	23,035
Net book values
At 28 June 2014	2,327
At 29 June 2013	4,863

3Tangible fixed assets

	£
Cost
At 30 June 2013	24,854
Additions	490
Disposals	-
Revaluations	-
Transfers	-
At 28 June 2014	25,344
Depreciation
At 30 June 2013	21,666
Charge for the year	840
On disposals	-
At 28 June 2014	22,506
Net book values
At 28 June 2014	2,838
At 29 June 2013	3,188

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

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