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REGISTERED NUMBER: 06499445 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Andrew David Associates Ltd

Andrew David Associates Ltd (Registered number: 06499445)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andrew David Associates Ltd

Company Information
for the Year Ended 31 December 2018







DIRECTORS: D J Murphy
A D Start





SECRETARY: D J Murphy





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





BUSINESS ADDRESS: The Market House
Corn Market
Wimborne
Dorset
BH21 1JL





REGISTERED NUMBER: 06499445 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Andrew David Associates Ltd (Registered number: 06499445)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,266 -
Tangible assets 5 23,497 28,008
Investments 6 100 100
29,863 28,108

CURRENT ASSETS
Debtors 7 339,440 319,995
Cash at bank and in hand 149,234 85,686
488,674 405,681
CREDITORS
Amounts falling due within one year 8 96,280 167,369
NET CURRENT ASSETS 392,394 238,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,257

266,420

CREDITORS
Amounts falling due after more than one
year

9

(15,339

)

(18,064

)

PROVISIONS FOR LIABILITIES (2,032 ) (2,098 )
NET ASSETS 404,886 246,258

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 404,586 245,958
SHAREHOLDERS' FUNDS 404,886 246,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

Andrew David Associates Ltd (Registered number: 06499445)

Balance Sheet - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2019 and were signed on its behalf by:





A D Start - Director


Andrew David Associates Ltd (Registered number: 06499445)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Andrew David Associates Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Andrew David Associates Ltd (Registered number: 06499445)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2018 286,895
Additions 7,833
Disposals (92,000 )
At 31 December 2018 202,728
AMORTISATION
At 1 January 2018 286,895
Charge for year 1,567
Eliminated on disposal (92,000 )
At 31 December 2018 196,462
NET BOOK VALUE
At 31 December 2018 6,266
At 31 December 2017 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018 49,889
Additions 5,374
Disposals (10,706 )
At 31 December 2018 44,557
DEPRECIATION
At 1 January 2018 21,881
Charge for year 9,362
Eliminated on disposal (10,183 )
At 31 December 2018 21,060
NET BOOK VALUE
At 31 December 2018 23,497
At 31 December 2017 28,008

Andrew David Associates Ltd (Registered number: 06499445)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2018
and 31 December 2018 100
NET BOOK VALUE
At 31 December 2018 100
At 31 December 2017 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 52,009 89,634
Amounts owed by group undertakings 133,856 97,649
Other debtors 153,575 132,712
339,440 319,995

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 2,521 2,361
Taxation and social security 79,481 65,356
Other creditors 14,278 99,652
96,280 167,369

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 15,339 18,064

10. CONTINGENT LIABILITIES

The potential liability to repay indemnity commission is very small as it represents a relatively small element of
the business. Any such liability could only relate to indemnity commission, which is not considered likely to
crystallise to any significant amount. A provision of £792 (at 31 December 2017 - £691) has been made which
equates to 4% of gross indemnity commissions received.