Abbreviated Company Accounts - DAVID ABRAMS ASSOCIATES LIMITED

DAVID ABRAMS ASSOCIATES LIMITED - Company Information

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Registered Number 07962142

DAVID ABRAMS ASSOCIATES LIMITED

Abbreviated Accounts

31 December 2013

DAVID ABRAMS ASSOCIATES LIMITED Registered Number 07962142

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Current assets
Debtors		14,764	9,545
Cash at bank and in hand		31	355
		14,795	9,900
Creditors: amounts falling due within one year		(13,795)	(8,900)
Net current assets (liabilities)		1,000	1,000
Total assets less current liabilities		1,000	1,000
Total net assets (liabilities)		1,000	1,000
Capital and reserves
Called up share capital	2	1,000	1,000
Shareholders' funds		1,000	1,000

For the year ending 31 December 2013 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 September 2014

And signed on their behalf by:
K Al-Tajir, Director

DAVID ABRAMS ASSOCIATES LIMITED Registered Number 07962142

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1,000 Ordinary shares of £1 each	1,000	1,000

3Transactions with directors

Name of director receiving advance or credit:	David Abrams
Description of the transaction:	Directors Loan
Balance at 1 January 2013:	£ 5,777
Advances or credits made:	£ 6,051
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 11,828

During the period the company provided services totalling £65,074 (2012: £47,250) to Decorum Est Limited, the company's immediate parent company. These transactions were carried out on an arms' length basis. At the balance sheet date the company was owed £13,289 (2012: £9,545) in relation to these supplies.

During the period, the director D Abrams provided the company with a loan, amount outstanding at the balance sheet date £11,828 (2012: £5,777). This loan has been provided interest free and has no formal repayment terms.

The ultimate holding company is Pound Street Trading Limited, an entity registered in the British Virgin Islands.