REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Michael Hadi Associates Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Michael Hadi Associates Limited |
Michael Hadi Associates Limited (Registered number: 04718155) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Michael Hadi Associates Limited |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants & Tax Advisers |
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Michael Hadi Associates Limited (Registered number: 04718155) |
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Abbreviated Balance Sheet |
31 March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
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 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Michael Hadi Associates Limited (Registered number: 04718155) |
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Abbreviated Balance Sheet - continued |
31 March 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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Michael Hadi Associates Limited (Registered number: 04718155) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the |
year, exclusive of Value Added Tax and trade discounts. |
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Goodwill |
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the |
identifiable assets and liabilities. It is amortised to the profit and loss account over its useful economic life. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates |
in order to write off each asset over its estimated useful life: |
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Furniture, fittings and equipment - 20% to 50% reducing balance. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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Long term contracts |
Profit on long term contract is recognised as the work is carried out if the final outcome can be assessed with |
reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work |
carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is |
calculated as that portion of total contract value which cost incurred to date bear to total expected cost for that |
contract. Revenues derived from variations on contracts are recognised only when they have been accepted by |
the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen. |
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Research and development |
All research & development expenditure is recognised and included in cost of sales when incurred. |
Michael Hadi Associates Limited (Registered number: 04718155) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
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Cost |
At 1 April 2015 |
and 31 March 2016 |
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Amortisation |
At 1 April 2015 |
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Amortisation for year |
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At 31 March 2016 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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Cost |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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Depreciation |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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Net book value |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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100 | 100 |
Michael Hadi Associates Limited (Registered number: 04718155) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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4. | CALLED UP SHARE CAPITAL - continued |
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The 'A' shares and 'B' shares confer upon the holders the same rights and rank pari passu in all respects, |
except that the directors may from time to time resolve to declare dividends in respect of each class of share at |
a rate different from those declared in respect of any other class of share. |
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5. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the board of directors. |