Abbreviated Company Accounts - ABBEY SOLICITORS LIMITED

ABBEY SOLICITORS LIMITED - Company Information

06404593 ABBEY SOLICITORS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 06404593 2014-04-01 2015-03-31 06404593 2015-03-31 06404593 2014-03-31 06404593 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 06404593 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 06404593

ABBEY SOLICITORS LIMITED

Abbreviated Accounts

31 March 2015

ABBEY SOLICITORS LIMITED Registered Number 06404593

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	495,000
Tangible assets	3	2,302	3,453
		2,302	498,453
Current assets
Stocks		300,000	300,000
Debtors		411,965	266,191
Cash at bank and in hand		1,459,649	1,649,474
		2,171,614	2,215,665
Creditors: amounts falling due within one year		(1,216,242)	(2,022,438)
Net current assets (liabilities)		955,372	193,227
Total assets less current liabilities		957,674	691,680
Total net assets (liabilities)		957,674	691,680
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		957,574	691,580
Shareholders' funds		957,674	691,680

For the year ending 31 March 2015 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 29 July 2015

And signed on their behalf by:
Nadeem Ullah, Director

ABBEY SOLICITORS LIMITED Registered Number 06404593

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 April 2008.

Turnover policy
Income represents the fees invoiced in the year for the supply of legal services.

Tangible assets depreciation policy
Equipment is depreciated at 25% per annum using the straight-line method.

Intangible assets amortisation policy
Goodwill has been amortised evenly over its useful life of 3 years.

2Intangible fixed assets

	£
Cost
At 1 April 2014	1,485,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,485,000
Amortisation
At 1 April 2014	990,000
Charge for the year	495,000
On disposals	-
At 31 March 2015	1,485,000
Net book values
At 31 March 2015	0
At 31 March 2014	495,000

3Tangible fixed assets

	£
Cost
At 1 April 2014	21,637
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	21,637
Depreciation
At 1 April 2014	18,184
Charge for the year	1,151
On disposals	-
At 31 March 2015	19,335
Net book values
At 31 March 2015	2,302
At 31 March 2014	3,453

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	Nadeem Ullah
Description of the transaction:	Directors Loan
Balance at 1 April 2014:	£ 4,967
Advances or credits made:	£ 47,419
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 52,386