Margaret Abbott Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05755167 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Margaret Abbott Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs M Abbott

SECRETARY:

G W Abbott

REGISTERED OFFICE:

Longacre

Nightingales Lane

Chalfont St Giles

Buckinghamshire

HP8 4SH

REGISTERED NUMBER:

05755167 (England and Wales)

ACCOUNTANT:

J N Flanagan ATT (Fellow)

The Granary,

Hones Yard,

1 Waverley Lane,

Farnham,

Surrey

GU9 8BB

FIXED ASSETS

Intangible assets

2

1,200

1,800

Tangible assets

3

-

-

1,200

1,800

CURRENT ASSETS

Debtors

16,771

15,030

Cash at bank

47,452

5

64,223

15,035

CREDITORS

Amounts falling due within one year

53,159

15,300

NET CURRENT ASSETS/(LIABILITIES)

11,064

(265

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,264

1,535

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

11,264

535

SHAREHOLDERS' FUNDS

12,264

1,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 10 December 2014 and were signed by:

Mrs M Abbott - 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).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

25% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

6,000

AMORTISATION

At 1 April 2013

4,200

Amortisation for year

600

At 31 March 2014

4,800

NET BOOK VALUE

At 31 March 2014

1,200

At 31 March 2013

1,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

3,491

DEPRECIATION

At 1 April 2013

and 31 March 2014

3,491

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

31.3.14

31.3.13

£

£

Mrs M Abbott

Balance outstanding at start of year

2,228

-

Amounts repaid

(2,228

)

-

Balance outstanding at end of year

-

2,228