Abbreviated Company Accounts - POWELL ASSOCIATES LIMITED

POWELL ASSOCIATES LIMITED - Company Information

Registered Number 05711960

POWELL ASSOCIATES LIMITED

Abbreviated Accounts

5 April 2014

POWELL ASSOCIATES LIMITED Registered Number 05711960

Abbreviated Balance Sheet as at 5 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	860	688
		860	688
Current assets
Debtors		108,095	47,180
Cash at bank and in hand		52,279	30,037
		160,374	77,217
Creditors: amounts falling due within one year		(66,788)	(33,252)
Net current assets (liabilities)		93,586	43,965
Total assets less current liabilities		94,446	44,653
Provisions for liabilities		(172)	(164)
Total net assets (liabilities)		94,274	44,489
Capital and reserves
Called up share capital		2	2
Profit and loss account		94,272	44,487
Shareholders' funds		94,274	44,489

For the year ending 5 April 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 23 December 2014

And signed on their behalf by:
Dr B Powell, Director

POWELL ASSOCIATES LIMITED Registered Number 05711960

Notes to the Abbreviated Accounts for the period ended 5 April 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
The total turnover of the company for the year has been derived from its principal activity wholly
undertaken in the UK.

Tangible assets depreciation policy
25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 6 April 2013	1,506
Additions	554
Disposals	(638)
Revaluations	-
Transfers	-
At 5 April 2014	1,422
Depreciation
At 6 April 2013	818
Charge for the year	285
On disposals	(541)
At 5 April 2014	562
Net book values
At 5 April 2014	860
At 5 April 2013	688