Art Press Advisers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01034151

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

ART PRESS ADVISERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A J Law

SECRETARY:

Ms P Middleton

REGISTERED OFFICE:

21-23 Croydon Road

Caterham

Surrey

CR3 6PA

REGISTERED NUMBER:

01034151

ACCOUNTANTS:

Upton Neenan Lees

Chartered Accountants

21-23 Croydon Road

Caterham

Surrey

CR3 6PA

FIXED ASSETS

Tangible assets

2

1,044

1,327

CURRENT ASSETS

Debtors

3,642

1,795

Cash at bank

2,139

2,455

5,781

4,250

CREDITORS

Amounts falling due within one year

(5,046

)

(3,319

)

NET CURRENT ASSETS

735

931

TOTAL ASSETS LESS CURRENT LIABILITIES

1,779

2,258

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,679

2,158

SHAREHOLDERS' FUNDS

1,779

2,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 September 2015 and were signed by:

A J Law - 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.

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

-

25% 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 1 January 2014

and 31 December 2014

12,205

DEPRECIATION

At 1 January 2014

10,878

Charge for year

283

At 31 December 2014

11,161

NET BOOK VALUE

At 31 December 2014

1,044

At 31 December 2013

1,327

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100