Abbreviated Company Accounts - CLAY & ASSOCIATES LIMITED

08978323 CLAY & ASSOCIATES LIMITED 2016-03-31 false 2015-05-01 2016-03-31 true 08978323 2015-05-01 2016-03-31 08978323 2016-03-31 08978323 2015-04-30 08978323 uk-gaap-cd-bus:Director1 2015-05-01 2016-03-31 08978323 uk-gaap-cd-bus:Director2 2015-05-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass3 2015-05-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-04-30 iso4217:GBP shares

Registered Number 08978323

CLAY & ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2016

CLAY & ASSOCIATES LIMITED Registered Number 08978323

Abbreviated Balance Sheet as at 31 March 2016

	Notes	31/03/2016	30/04/2015
		£	£
Fixed assets
Intangible assets	2	-	825,000
Tangible assets	3	20,592	29,392
Investments	4	1	1
		20,593	854,393
Current assets
Stocks		302,260	262,827
Debtors		593,712	962,084
Cash at bank and in hand		148,279	69,948
		1,044,251	1,294,859
Creditors: amounts falling due within one year		(715,369)	(1,158,831)
Net current assets (liabilities)		328,882	136,028
Total assets less current liabilities		349,475	990,421
Creditors: amounts falling due after more than one year		(500,000)	(1,000,000)
Total net assets (liabilities)		(150,525)	(9,579)
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(150,625)	(9,679)
Shareholders' funds		(150,525)	(9,579)

For the year ending 31 March 2016 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 5 September 2016

And signed on their behalf by:
D Clay, Director

CLAY & ASSOCIATES LIMITED Registered Number 08978323

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.
The financial statements are prepared on a going concern basis as the company is able to operate within its current banking facilities and is trading profitably.The results in the current year provide for the amortisation of goodwill. The company has the financial support of its directors who have loans due from the company in excess of £1.4M at the year end

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less 25% depreciation on the reducing balance.

Other accounting policies
The company during the year was controlled by D Clay a director and shareholder of the company

2Intangible fixed assets

	£
Cost
At 1 May 2015	1,650,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,650,000
Amortisation
At 1 May 2015	825,000
Charge for the year	825,000
On disposals	-
At 31 March 2016	1,650,000
Net book values
At 31 March 2016	0
At 30 April 2015	825,000

3Tangible fixed assets

	£
Cost
At 1 May 2015	43,838
Additions	7,989
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	51,827
Depreciation
At 1 May 2015	14,446
Charge for the year	16,789
On disposals	-
At 31 March 2016	31,235
Net book values
At 31 March 2016	20,592
At 30 April 2015	29,392

4Fixed assets Investments
The company holds more than 20% of the share capital of the following companies
C&A Company Secretarial Services Ltd incorporated in England and Wales
The company was dormant at the 31 March 2016

5Called Up Share Capital
Allotted, called up and fully paid:

	31/03/2016 £	30/04/2015 £
100 Ordinary shares of £1 each	100	100
75 A Ordinary shares of £1 each	75	75
25 B Ordinary shares of £1 each	25	25