Audley Holdings Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03420021 (England and Wales)

Abbreviated Accounts

for the Year Ended 28 February 2014

for

AUDLEY HOLDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P S MacLean

SECRETARY:

Mrs M MacLean

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

03420021 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

2

4,016

4,193

CURRENT ASSETS

Debtors

265,846

193,284

Cash at bank

11,108

7,760

276,954

201,044

CREDITORS

Amounts falling due within one year

283,612

206,995

NET CURRENT LIABILITIES

(6,658

)

(5,951

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,642

)

(1,758

)

PROVISIONS FOR LIABILITIES

141

141

NET LIABILITIES

(2,783

)

(1,899

)

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

(2,983

)

(2,099

)

SHAREHOLDERS' FUNDS

(2,783

)

(1,899

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 22 November 2014 and were signed by:

Mr P S MacLean - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the

company qualifies as a small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.The

company's policy is to recognise profit or loss on sale of investments when substantively all

the risks and rewards in connection with the investment have been passed to the buyer.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

6,989

Additions

1,525

At 28 February 2014

8,514

DEPRECIATION

At 1 March 2013

2,796

Charge for year

1,702

At 28 February 2014

4,498

NET BOOK VALUE

At 28 February 2014

4,016

At 28 February 2013

4,193

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

100

'A' ORDINARY

£1

100

100

100

'B' ORDINARY

£1

100

100

200

200

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES