Alan Waddell Limited - Period Ending 2014-03-31

Registration number: SC372847

Alan Waddell Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Alan Waddell Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Alan Waddell Limited
(Registration number: SC372847)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					291			463
Current assets
Debtors					8,675			8,149
Cash at bank and in hand					21,576			21,601
					30,251			29,750
Creditors: Amounts falling due within one year					(13,723)			(16,391)
Net current assets					16,528			13,359
Net assets					16,819			13,822
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					16,719			13,722
Shareholders' funds					16,819			13,822

For the year ending 31 March 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 director acknowledges his 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 director on 7 November 2014

.........................................
A Waddell
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Alan Waddell Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the provision of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		859			859
At 31 March 2014		859			859
Depreciation
At 1 April 2013		396			396
Charge for the year		172			172
At 31 March 2014		568			568
Net book value
At 31 March 2014		291			291
At 31 March 2013		463			463

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 2

Alan Waddell Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

4	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Alan Waddell (Alan Waddell is a director of the company.) During the year Alan Waddell operated a loan with the company. There are no repayment terms and no interest is due on the balance . At the balance sheet date the amount due to Alan Waddell was £298 (2013 - £2,630).

5

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 3