Andrew Michael Associates Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07134030 (England and Wales)

Financial Statements

for the Year Ended 31 March 2017

for

ANDREW MICHAEL ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Michael

Mrs S Michael

REGISTERED OFFICE:

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

REGISTERED NUMBER:

07134030 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

3

1,640

2,781

Investments

4

10

10

1,650

2,791

CURRENT ASSETS

Debtors

5

-

1,890

Cash at bank

1,637

21

1,637

1,911

CREDITORS

Amounts falling due within one year

6

2,794

4,020

NET CURRENT LIABILITIES

(1,157

)

(2,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

493

682

PROVISIONS FOR LIABILITIES

329

557

NET ASSETS

164

125

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

64

25

SHAREHOLDERS' FUNDS

164

125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2017 and were signed on its behalf by:

A M Michael - Director

1.	STATUTORY INFORMATION

Andrew Michael Associates Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year for which financial statements have been prepared under FRS 102. No adjustments were

required on transition to FRS 102.

Turnover

Turnover represents the invoice value of services supplied for the period exclusive of value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off assets to their estimated residual values by the end of their useful lives at

the following annual rate:

Computer equipment - 20% of cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

7,702

DEPRECIATION

At 1 April 2016

4,921

Charge for year

1,141

At 31 March 2017

6,062

NET BOOK VALUE

At 31 March 2017

1,640

At 31 March 2016

2,781

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2016

and 31 March 2017

10

NET BOOK VALUE

At 31 March 2017

10

At 31 March 2016

10

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

-

1,890

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

11

-

Taxation and social security

1,913

3,180

Other creditors

870

840

2,794

4,020

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director's loan account is operated by Mr A M Michael. The account was overdrawn at the beginning of the

year by £1,890 and in credit at the end of the year by £20.