Alistair Bone Estate Agents Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07574024 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2014

for

ALISTAIR BONE ESTATE AGENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A N Bone

REGISTERED OFFICE:

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

REGISTERED NUMBER:

07574024 (England and Wales)

ACCOUNTANTS:

Davies Mayers Barnett LLP

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

FIXED ASSETS

Tangible assets

2

29,985

39,456

CURRENT ASSETS

Debtors

79,340

80,725

Cash at bank and in hand

5,669

1,288

85,009

82,013

CREDITORS

Amounts falling due within one year

3

(59,265

)

(56,670

)

NET CURRENT ASSETS

25,744

25,343

TOTAL ASSETS LESS CURRENT LIABILITIES

55,729

64,799

CREDITORS

Amounts falling due after more than one year

3

(15,314

)

(19,981

)

NET ASSETS

40,415

44,818

CAPITAL AND RESERVES

Called up share capital

4

101

101

Share premium

39,960

39,960

Profit and loss account

354

4,757

SHAREHOLDERS' FUNDS

40,415

44,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 18th December 2014 and were signed by:

A N Bone - 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 amounts receivable for sales of goods and services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Cost is defined as the purchase cost less any residual value.

Depreciation is charged from the month of acquisition at the above rates.

The net book values of the assets are regularly reviewed by the directors and further adjustments to carrying

values are made where considered appropriate.

Deferred tax

Deferred taxation is recognised in respect of all significant timing differences between the treatment of certain

items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Full

provision is made without discounting for all significant deferred tax liabilities. Significant deferred tax assets

are recognised to the extent that it is more likely than not that they will be recovered against taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 1st April 2013

48,863

Additions

3,408

At 31st March 2014

52,271

DEPRECIATION

At 1st April 2013

9,407

Charge for year

12,879

At 31st March 2014

22,286

NET BOOK VALUE

At 31st March 2014

29,985

At 31st March 2013

39,456

3.

CREDITORS

Creditors include an amount of £ 19,981 (2013 - £ 24,141 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

'A'

£1

100

100

1

'B'

£1

1

1

101

101