| Michael Adam Associates Ltd |
| Registered number: |
04864309 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,201 |
|
|
1,601 |
|
| Current assets |
| Debtors |
|
|
1,403 |
|
|
1,440 |
|
| Creditors: amounts falling due within one year |
|
|
(21,003) |
|
|
(30,150) |
|
| Net current liabilities |
|
|
|
(19,600) |
|
|
(28,710) |
|
| Net liabilities |
|
|
|
(18,399) |
|
|
(27,109) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(18,401) |
|
|
(27,111) |
|
| Shareholders' funds |
|
|
|
(18,399) |
|
|
(27,109) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| I J Goldberg |
| Director |
| Approved by the board on 27 October 2015 |
|
| Michael Adam Associates Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
30,000 |
|
At 31 March 2015 |
30,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2014 |
30,000 |
|
At 31 March 2015 |
30,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
12,117 |
|
At 31 March 2015 |
12,117 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
10,516 |
|
Charge for the year |
400 |
|
At 31 March 2015 |
10,916 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
1,201 |
|
At 31 March 2014 |
1,601 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
I J Goldberg |
|
Included in other creditors |
1,504 |
|
15,395 |
|
(9,782) |
|
7,117 |
|
|
|
1,504 |
|
15,395 |
|
(9,782) |
|
7,117 |
|
All amounts are aggregated |
|
No interest was charged |
