Edward G. Astin & Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06619444 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

1 August 2013 to 31 December 2014

for

Edward G. Astin & Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs E A Astin

SECRETARY:

REGISTERED OFFICE:

47 Flowergate

Whitby

North Yorkshire

YO21 3BB

REGISTERED NUMBER:

06619444 (England and Wales)

ACCOUNTANTS:

M Wasley Chapman & Co

Chartered Accountants

3/5 Victoria Square

Whitby

North Yorkshire

YO21 1EA

FIXED ASSETS

Intangible assets

2

474,500

500,000

Tangible assets

3

16,702

18,475

491,202

518,475

CURRENT ASSETS

Stocks

1,600

1,500

Debtors

47,158

25,875

Cash at bank and in hand

70,389

161,399

119,147

188,774

CREDITORS

Amounts falling due within one year

226,585

328,606

NET CURRENT LIABILITIES

(107,438

)

(139,832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

383,764

378,643

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

383,664

378,543

SHAREHOLDERS' FUNDS

383,764

378,643

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24 February 2015 and were signed by:

Mrs E A Astin - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of thirty years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 December 2014

600,000

AMORTISATION

At 1 August 2013

100,000

Amortisation for period

25,500

At 31 December 2014

125,500

NET BOOK VALUE

At 31 December 2014

474,500

At 31 July 2013

500,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

53,140

Additions

5,441

At 31 December 2014

58,581

DEPRECIATION

At 1 August 2013

34,665

Charge for period

7,214

At 31 December 2014

41,879

NET BOOK VALUE

At 31 December 2014

16,702

At 31 July 2013

18,475

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100