Abbreviated Company Accounts - RS OFFICE SERVICES LTD

Abbreviated Company Accounts - RS OFFICE SERVICES LTD

THE ACCOUNTS TEAM LTD - Company Information

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Registered Number 07428124

RS OFFICE SERVICES LTD

Abbreviated Accounts

31 October 2014

RS OFFICE SERVICES LTD Registered Number 07428124

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 - 3,642
Tangible assets 3 463 344
463 3,986
Current assets
Debtors 10,859 7,824
Investments 1,054 1,000
Cash at bank and in hand 8,796 6,677
20,709 15,501
Creditors: amounts falling due within one year (11,652) (13,153)
Net current assets (liabilities) 9,057 2,348
Total assets less current liabilities 9,520 6,334
Total net assets (liabilities) 9,520 6,334
Capital and reserves
Called up share capital 2 2
Profit and loss account 9,518 6,332
Shareholders' funds 9,520 6,334
  • For the year ending 31 October 2014 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 18 March 2015

And signed on their behalf by:
Ruth Wood, Director

RS OFFICE SERVICES LTD Registered Number 07428124

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 4 years.

Other accounting policies
Investments
Current asset investments are stated at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 November 2013 14,565
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2014 14,565
Amortisation
At 1 November 2013 10,923
Charge for the year 3,642
On disposals -
At 31 October 2014 14,565
Net book values
At 31 October 2014 0
At 31 October 2013 3,642
3Tangible fixed assets
£
Cost
At 1 November 2013 733
Additions 274
Disposals -
Revaluations -
Transfers -
At 31 October 2014 1,007
Depreciation
At 1 November 2013 389
Charge for the year 155
On disposals -
At 31 October 2014 544
Net book values
At 31 October 2014 463
At 31 October 2013 344