Abbreviated Company Accounts - HUSON ASSOCIATES LIMITED

Abbreviated Company Accounts - HUSON ASSOCIATES LIMITED


Registered Number 05404171

HUSON ASSOCIATES LIMITED

Abbreviated Accounts

31 July 2014

HUSON ASSOCIATES LIMITED Registered Number 05404171

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,125 2,656
2,125 2,656
Current assets
Debtors 624 4,416
Cash at bank and in hand 17,282 20,582
17,906 24,998
Creditors: amounts falling due within one year (18,517) (18,199)
Net current assets (liabilities) (611) 6,799
Total assets less current liabilities 1,514 9,455
Total net assets (liabilities) 1,514 9,455
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 1,512 9,453
Shareholders' funds 1,514 9,455
  • For the year ending 31 July 2014 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 8 September 2014

And signed on their behalf by:
R A Hugo, Director

HUSON ASSOCIATES LIMITED Registered Number 05404171

Notes to the Abbreviated Accounts for the period ended 31 July 2014

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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 20% reducing balance

2Tangible fixed assets
£
Cost
At 1 August 2013 7,032
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 7,032
Depreciation
At 1 August 2013 4,376
Charge for the year 531
On disposals -
At 31 July 2014 4,907
Net book values
At 31 July 2014 2,125
At 31 July 2013 2,656
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2 Ordinary shares of £1 each 2 2