ReesRussell Taxation Services Limited - Period Ending 2015-03-31

Registration number: 6017909

ReesRussell Taxation Services Limited

Unaudited Abbreviated Accounts

for the year ended 31 March 2015
 

ReesRussell LLP
Chartered Accountants
37 Market Square
Witney
Oxfordshire
OX28 6RE

ReesRussell Taxation Services Limited
(Registration number: 6017909)
Unaudited financial statements
Abbreviated balance sheet as at 31 March 2015

		Note			2015						2014
	£			£			£			£
Fixed assets
Intangible fixed assets								-						1,470
Current assets
Debtors					8,151						13,161
Cash at bank and in hand					8,793						12,314
					16,944						25,475
Creditors: Amounts falling due within one year					(6,091)						(6,616)
Net current assets								10,853						18,859
Net assets								10,853						20,329
Capital and reserves
Called up share capital		3			1,000						1,000
Profit and loss account					9,853						19,329
Shareholders' funds								10,853						20,329

For the year ending 31 March 2015 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 17 April 2015 and signed on its behalf by:

J M Russell
Director

The notes on page 2 form an integral part of these financial statements.
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ReesRussell Taxation Services Limited
Unaudited financial statements
Notes to the abbreviated accounts for the year ended 31 March 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 total value of invoices raised in the year net of value added tax, together with the value of any work done where a right to consideration arises.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following aquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line over 2 years

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 April 2014		81,332			81,332
At 31 March 2015		81,332			81,332
Depreciation
At 1 April 2014		79,862			79,862
Charge for the year		1,470			1,470
At 31 March 2015		81,332			81,332
Net book value
At 31 March 2015		-			-
At 31 March 2014		1,470			1,470

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

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