SPECIALIST_MEDICOLEGAL_AS - Accounts

SPECIALIST MEDICOLEGAL ASSOCIATES LIMITED - Company Information

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SPECIALIST MEDICOLEGAL ASSOCIATES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

Company Registration No. 04033745 (England and Wales)

SHELLEY STOCK HUTTER LLP

Chartered Accountants

1st Floor

7 - 10 Chandos Street

London

W1G 9DQ

SPECIALIST MEDICOLEGAL ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SPECIALIST MEDICOLEGAL ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

289,113

340,133

Tangible assets

12,449

7,204

Investments

10,802

8,250

312,364

355,587

Current assets

Debtors

90,256

92,297

Investments

Cash at bank and in hand

65,525

95,865

155,809

188,190

Creditors: amounts falling due within one year

(95,715)

(102,178)

Net current assets

60,094

86,012

Total assets less current liabilities

372,458

441,599

Capital and reserves

Called up share capital

400

Profit and loss account

372,058

441,199

Shareholders' funds

372,458

441,599

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 December 2014

.....................................

B Cohen

Director

Company Registration No. 04033745

SPECIALIST MEDICOLEGAL ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents fees receivable.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Current asset investments are stated at the lower of cost and net realisable value.

1.6

Pensions

The company contributes towards a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

SPECIALIST MEDICOLEGAL ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 August 2013

510,200

16,380

8,250

534,830

Additions

9,741

2,552

12,293

At 31 July 2014

510,200

26,121

10,802

547,123

Depreciation

At 1 August 2013

170,067

9,176

179,243

Charge for the year

51,020

4,496

55,516

At 31 July 2014

221,087

13,672

234,759

Net book value

At 31 July 2014

289,113

12,449

10,802

312,364

At 31 July 2013

340,133

7,204

8,250

355,587

Share capital

2014

2013

Allotted, called up and fully paid

400 Ordinary shares of £1 each

400