1st Accountancy Solutions Ltd
|
Registered number: |
03864822
|
Abbreviated Balance Sheet |
as at 31 October 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
- |
|
|
1,200 |
Tangible assets |
3 |
|
|
1,555 |
|
|
2,073 |
|
|
|
|
1,555 |
|
|
3,273 |
|
Current assets |
Stocks |
|
|
150 |
|
|
150 |
Debtors |
|
|
3,010 |
|
|
7,031 |
Cash at bank and in hand |
|
|
33,212 |
|
|
21,087 |
|
|
|
36,372 |
|
|
28,268 |
|
Creditors: amounts falling due within one year |
|
|
(61,194) |
|
|
(62,641) |
|
Net current liabilities |
|
|
|
(24,822) |
|
|
(34,373) |
|
Net liabilities |
|
|
|
(23,267) |
|
|
(31,100) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(23,367) |
|
|
(31,200) |
|
Shareholders' funds |
|
|
|
(23,267) |
|
|
(31,100) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their 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.
|
|
|
|
I S Bowen |
Director |
Approved by the board on 27 July 2016
|
|
1st Accountancy Solutions Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 31 October 2015
|
|
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 |
25% reducing balance
|
|
Motor vehicles |
25% reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2014 |
12,000 |
|
At 31 October 2015 |
12,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2014 |
10,800 |
|
Provided during the year |
1,200 |
|
At 31 October 2015 |
12,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2015 |
- |
|
At 31 October 2014 |
1,200 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2014 |
5,634 |
|
At 31 October 2015 |
5,634 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2014 |
3,561 |
|
Charge for the year |
518 |
|
At 31 October 2015 |
4,079 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2015 |
1,555 |
|
At 31 October 2014 |
2,073 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|