Company Registration No. 04465707 (England and Wales)
24 Hr on Call Limited
Abbreviated unaudited accounts
for the year ended 31 August 2016
24 Hr on Call Limited
Abbreviated Balance Sheet
as at
31 August 2016
Intangible assets
10,500
21,000
Tangible assets
13,797
7,815
Cash at bank and in hand
17
17
Creditors: amounts falling due within one year
(21,991)
(28,504)
Net current liabilities
(4,111)
(17,868)
Total assets less current liabilities
20,186
10,947
Creditors: amounts falling due after more than one year
-
(1,447)
Provisions for liabilities
(656)
(360)
Called up share capital
7
7
Profit and loss account
19,523
9,133
Total shareholders' funds
19,530
9,140
For the year ending 31 August 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 27 April 2017
J H Parkman
Director
Company Registration No. 04465707
24 Hr on Call Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
24 Hr on Call Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
2
Intangible fixed assets
At 1 September 2015
105,000
At 31 August 2016
105,000
At 1 September 2015
84,000
Charge for the year
10,500
At 1 September 2015
22,678
At 1 September 2015
14,863
Charge for the year
3,450
4
Share capital
2016
2015
Allotted, called up and fully paid:
2 Ordinary A of £1 each
2
2
1 Ordinary B of £1 each
1
1
1 Ordinary C of £1 each
1
1
1 Ordinary D of £1 each
1
1
1 Ordinary E of £1 each
1
1
1 Ordinary F of £1 each
1
1