Abbreviated Company Accounts - MICHAEL AXFORD (HOLDINGS) LTD

MICHAEL AXFORD (HOLDINGS) LTD - Company Information

Registered Number 04559295

MICHAEL AXFORD (HOLDINGS) LTD

Abbreviated Accounts

31 March 2014

MICHAEL AXFORD (HOLDINGS) LTD Registered Number 04559295

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	154	392
Investments	3	169,019	341,477
		169,173	341,869
Current assets
Debtors		16,510	18,297
Cash at bank and in hand		24,654	5,262
		41,164	23,559
Creditors: amounts falling due within one year		(4,288)	(93,145)
Net current assets (liabilities)		36,876	(69,586)
Total assets less current liabilities		206,049	272,283
Creditors: amounts falling due after more than one year		(178,411)	(251,976)
Total net assets (liabilities)		27,638	20,307
Capital and reserves
Called up share capital		100	100
Profit and loss account		27,538	20,207
Shareholders' funds		27,638	20,307

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 directors acknowledge their 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 Board on 14 December 2014

And signed on their behalf by:
D M Axford, Director

MICHAEL AXFORD (HOLDINGS) LTD Registered Number 04559295

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Tirnover comprises rental income received.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:-

Fixtures and equipment 20% per annum reducing balance basis
Computer equipment 33⅓% per annum straight line basis

2Tangible fixed assets

	£
Cost
At 1 April 2013	8,682
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	8,682
Depreciation
At 1 April 2013	8,290
Charge for the year	238
On disposals	-
At 31 March 2014	8,528
Net book values
At 31 March 2014	154
At 31 March 2013	392

3Fixed assets Investments
At the beginning of the financial year therewere 2 feehold properties. However, on property was sold during the year and the remaining property is stated at cost and not depreciated.