Abbreviated Company Accounts - THE PHONE EXCHANGE LIMITED

Abbreviated Company Accounts - THE PHONE EXCHANGE LIMITED

THE PHONE EXCHANGE LIMITED - Company Information

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Registered Number 03033499

THE PHONE EXCHANGE LIMITED

Abbreviated Accounts

12 March 2014

THE PHONE EXCHANGE LIMITED Registered Number 03033499

Abbreviated Balance Sheet as at 12 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 7,000 7,000
Tangible assets 3 2,510 2,950
9,510 9,950
Current assets
Stocks 1,500 1,500
Debtors 16,153 22,104
Cash at bank and in hand 903 2,247
18,556 25,851
Creditors: amounts falling due within one year (26,705) (23,145)
Net current assets (liabilities) (8,149) 2,706
Total assets less current liabilities 1,361 12,656
Total net assets (liabilities) 1,361 12,656
Capital and reserves
Called up share capital 5 5
Profit and loss account 1,356 12,651
Shareholders' funds 1,361 12,656
  • For the year ending 12 March 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 2 April 2015

And signed on their behalf by:
A J TERRY, Director

THE PHONE EXCHANGE LIMITED Registered Number 03033499

Notes to the Abbreviated Accounts for the period ended 12 March 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.

Tangible assets depreciation policy
Depreciation is provided to write off the cost or valuation of all tangible fixed assets over their estimated useful lives on a reducing balance basis at percentage rates considered appropriate by the Director.

Intangible assets amortisation policy
Amortisation has not been provided to write of the cost of the intangible fixed assets because in the opinion of the Director their value remains relatively constant.

2Intangible fixed assets
£
Cost
At 14 March 2013 7,000
Additions -
Disposals -
Revaluations -
Transfers -
At 12 March 2014 7,000
Amortisation
At 14 March 2013 -
Charge for the year -
On disposals -
At 12 March 2014 -
Net book values
At 12 March 2014 7,000
At 13 March 2013 7,000
3Tangible fixed assets
£
Cost
At 14 March 2013 9,861
Additions -
Disposals -
Revaluations -
Transfers -
At 12 March 2014 9,861
Depreciation
At 14 March 2013 6,911
Charge for the year 440
On disposals -
At 12 March 2014 7,351
Net book values
At 12 March 2014 2,510
At 13 March 2013 2,950