Adams And Partner Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06106960 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015

for

Adams And Partner Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs S Adams

Ms D Simpson

SECRETARY:

M E Adams

REGISTERED OFFICE:

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

REGISTERED NUMBER:

06106960 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

FIXED ASSETS

Intangible assets

2

15,000

16,000

Tangible assets

3

1,562

1,967

16,562

17,967

CURRENT ASSETS

Debtors

1,593

4,301

Cash at bank

15,571

26,059

17,164

30,360

CREDITORS

Amounts falling due within one year

32,451

46,839

NET CURRENT LIABILITIES

(15,287

)

(16,479

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,275

1,488

PROVISIONS FOR LIABILITIES

312

288

NET ASSETS

963

1,200

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

863

1,100

SHAREHOLDERS' FUNDS

963

1,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29 July 2015 and were signed on its behalf by:

Mrs S Adams - 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 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 April 2014

and 31 March 2015

20,000

AMORTISATION

At 1 April 2014

4,000

Amortisation for year

1,000

At 31 March 2015

5,000

NET BOOK VALUE

At 31 March 2015

15,000

At 31 March 2014

16,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

4,125

Additions

500

At 31 March 2015

4,625

DEPRECIATION

At 1 April 2014

2,158

Charge for year

905

At 31 March 2015

3,063

NET BOOK VALUE

At 31 March 2015

1,562

At 31 March 2014

1,967

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

100

Ordinary

£1

100

100