Michael Adam Associates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04864309 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Michael Adam Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

I J Goldberg

REGISTERED OFFICE:

2 Maple Court

Davenport Street

Macclesfield

Cheshire

SK10 1JE

REGISTERED NUMBER:

04864309 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

2 Maple Court

Davenport Street

Macclesfield

Cheshire

SK101JE

FIXED ASSETS

Tangible assets

2

901

1,201

CURRENT ASSETS

Debtors

5,864

8,520

Cash at bank

5,014

-

10,878

8,520

CREDITORS

Amounts falling due within one year

10,892

28,120

NET CURRENT LIABILITIES

(14

)

(19,600

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

887

(18,399

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

885

(18,401

)

SHAREHOLDERS' FUNDS

887

(18,399

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 20 December 2016 and were signed by:

I J Goldberg - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the company will

continue in operational existence for the foreseeable future. The validity of this assumption depends on the

continued support of the company's creditors. The director believes that it is appropriate for the financial

statements to be prepared on a going concern basis.

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods,excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

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 April 2015

and 31 March 2016

12,117

DEPRECIATION

At 1 April 2015

10,916

Charge for year

300

At 31 March 2016

11,216

NET BOOK VALUE

At 31 March 2016

901

At 31 March 2015

1,201

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

I J Goldberg

Balance outstanding at start of year

7,117

1,504

Amounts advanced

3,368

15,395

Amounts repaid

(7,210

)

(9,782

)

Balance outstanding at end of year

3,275

7,117

The loan is repayable on demand and no interest has been charged.

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr I J Goldberg who owns 100% of the issued share capital.