Registered Number 05839726
A & D PROPERTIES (LONDON) LIMITED
Abbreviated Accounts
30 June 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Accruals and deferred income |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Motor vehicles - 25% reducing balance
Fixtures & Fittings - 20% reducing balance
Computer equipment - 25% reducing balance
Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Stocks
Stocks are valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
Deferred tax assets and liabilities are not discounted.
£ | |
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Cost | |
At 1 July 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2014 |
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Depreciation | |
At 1 July 2013 |
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Charge for the year |
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On disposals |
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At 30 June 2014 |
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Net book values | |
At 30 June 2014 | 7,233 |
At 30 June 2013 | 9,658 |
4Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 July 2013: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | ||
Balance at 30 June 2014: | £ |
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 July 2013: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | ||
Balance at 30 June 2014: | £ |
Included in other debtors at the balance sheet date is the amount of £42,804 (2013: £30,360 due to) was due from Amir Wayman, one of the directors.
Interest at 4% has been charged on the overdrawn director current account. The loan was repaid in full shortly after the year end.
During the year the company paid a dividend of £80,000 to its directors.