Registered Number 07362110

ABRAM ASSOCIATES LIMITED

Abbreviated Accounts

30 September 2012

ABRAM ASSOCIATES LIMITED Registered Number 07362110

Abbreviated Balance Sheet as at 30 September 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 - 1,321
- 1,321
Current assets
Debtors 6,234 2,190
Cash at bank and in hand 1,255 10,928
7,489 13,118
Creditors: amounts falling due within one year (3,054) (4,042)
Net current assets (liabilities) 4,435 9,076
Total assets less current liabilities 4,435 10,397
Total net assets (liabilities) 4,435 10,397
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,434 10,396
Shareholders' funds 4,435 10,397
  • For the year ending 30 September 2012 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 28 June 2013

And signed on their behalf by:
G Rackham, Director

ABRAM ASSOCIATES LIMITED Registered Number 07362110

Notes to the Abbreviated Accounts for the period ended 30 September 2012

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
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Other accounting policies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2Tangible fixed assets
£
Cost
At 1 October 2011 1,755
Additions -
Disposals (1,755)
Revaluations -
Transfers -
At 30 September 2012 0
Depreciation
At 1 October 2011 434
Charge for the year 146
On disposals (580)
At 30 September 2012 0
Net book values
At 30 September 2012 0
At 30 September 2011 1,321