Abbreviated Company Accounts - 1-ALPHA ASSOCIATES LIMITED

Abbreviated Company Accounts - 1-ALPHA ASSOCIATES LIMITED


Registered Number 07806198

1-ALPHA ASSOCIATES LIMITED

Abbreviated Accounts

31 October 2014

1-ALPHA ASSOCIATES LIMITED Registered Number 07806198

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 38 624
38 624
Current assets
Debtors 23,968 13,035
Cash at bank and in hand 33,189 8,950
57,157 21,985
Creditors: amounts falling due within one year (32,381) (15,988)
Net current assets (liabilities) 24,776 5,997
Total assets less current liabilities 24,814 6,621
Total net assets (liabilities) 24,814 6,621
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 24,714 6,521
Shareholders' funds 24,814 6,621
  • For the year ending 31 October 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 21 July 2015

And signed on their behalf by:
Krishnan Narayanan, Director

1-ALPHA ASSOCIATES LIMITED Registered Number 07806198

Notes to the Abbreviated Accounts for the period ended 31 October 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
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Office equipment - 33.3% straight line

2Tangible fixed assets
£
Cost
At 1 November 2013 1,759
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2014 1,759
Depreciation
At 1 November 2013 1,135
Charge for the year 586
On disposals -
At 31 October 2014 1,721
Net book values
At 31 October 2014 38
At 31 October 2013 624
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: Krishnan Narayanan
Description of the transaction: Director Loan Account
Balance at 1 November 2013: £ 0
Advances or credits made: £ 171,372
Advances or credits repaid: £ 147,903
Balance at 31 October 2014: £ 23,469

At the balance sheet date, the director's loan account was overdrawn. Interest of £194 was calculated and accrued at an annual rate of 3.25%. The loan was fully repaid on 21 July 2015.