Andrew Newell Limited - Abbreviated accounts

ANDREW NEWELL LIMITED - Company Information

Registered number

06843081

Andrew Newell Limited

Abbreviated Accounts

For the Period from 1 April 2013 to

31 July 2014

Andrew Newell Limited
Registered number:		06843081
Abbreviated Balance Sheet
as at 31 July 2014

Notes			2014			2013
£				£
Fixed assets
Intangible assets	2		-			6,000
Tangible assets	3		-			155
			-			6,155

Current assets
Cash at bank and in hand		17,565			13,923

Creditors: amounts falling due within one year		(17,563)			(20,076)

Net current assets/(liabilities)			2			(6,153)

Net assets			2			2

Capital and reserves
Called up share capital	4		1			1
Profit and loss account			1			1

Shareholder's funds			2			2

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Dr A P B Newell
Director
Approved by the board on 26 August 2014

Andrew Newell Limited
Notes to the Abbreviated Accounts
for the period ended 31 July 2014

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Computer equipment			33.33% straight line


	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.



2	Intangible fixed assets					£

	Cost
	At 1 April 2013					10,000
	At 31 July 2014					10,000

	Amortisation
	At 1 April 2013					4,000
	Provided during the period					6,000
	At 31 July 2014					10,000

	Net book value
	At 31 July 2014					-
	At 31 March 2013					6,000


3	Tangible fixed assets					£

	Cost
	At 1 April 2013					1,374
	At 31 July 2014					1,374

	Depreciation
	At 1 April 2013					1,219
	Charge for the period					155
	At 31 July 2014					1,374

	Net book value
	At 31 July 2014					-
	At 31 March 2013					155


4	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1