Accident Legal Claim Ltd

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Accident Legal Claim Ltd
Abbreviated accounts
For The Year Ended 31 March 2014
Abacus 46 Ltd

2nd Floor Coleridge House
5-7a Park Street
Slough
Berkshire
SL1 1PE
Abbreviated Balance Sheet
2014 2013
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 3,777 52,131
3,777 52,131
CURRENT ASSETS
Debtors 10,000 -
Cash at bank and in hand - 8,074
10,000 8,074
Creditors: Amounts Falling Due Within One Year (5,560) (20,453)
NET CURRENT ASSETS (LIABILITIES) 4,440 (12,379)
TOTAL ASSETS LESS CURRENT LIABILITIES 8,217 39,752
Creditors: Amounts Falling After More Than One Year 3 (2,000) (25,000)
NET ASSETS 6,217 14,752
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss account 6,117 14,652
SHAREHOLDERS' FUNDS 6,217 14,752
Page 1
For the year ending 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
Mr Zahid Raja
10/12/2014
Page 2
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% Reducing Balance
Motor Vehicles 10% Straight Line
Fixtures & Fittings 25% Reducing Balance
Tangible Assets
Total
Cost £
As at 1 April 2013 20,501
As at 31 March 2014 20,501
Depreciation
As at 1 April 2013 15,680
Provided during the period 1,044
As at 31 March 2014 16,724
Net Book Value
As at 31 March 2014 3,777
As at 1 April 2013 4,821
Creditors: Amounts Falling After More Than One Year
2014 2013
£ £
Directors loan account 2,000 25,000
Share Capital
Value Number 2014 2013
Allotted, called up and fully paid: £ £ £
Ordinary shares 1.000 100 100 100
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