Abbreviated Company Accounts - TAXASSIST ACCOUNTANTS (LOUGHBOROUGH) LTD

Abbreviated Company Accounts - TAXASSIST ACCOUNTANTS (LOUGHBOROUGH) LTD

TAXASSIST ACCOUNTANTS (LOUGHBOROUGH) LTD - Company Information

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Registered Number 03729305

TAXASSIST ACCOUNTANTS (LOUGHBOROUGH) LTD

Abbreviated Accounts

30 April 2015

TAXASSIST ACCOUNTANTS (LOUGHBOROUGH) LTD Registered Number 03729305

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 2,970 2,970
Tangible assets 3 69,149 71,083
72,119 74,053
Current assets
Stocks 14,000 6,000
Debtors 30,125 26,708
Cash at bank and in hand 345 447
44,470 33,155
Creditors: amounts falling due within one year 4 (81,662) (58,847)
Net current assets (liabilities) (37,192) (25,692)
Total assets less current liabilities 34,927 48,361
Creditors: amounts falling due after more than one year 4 (34,124) (45,614)
Total net assets (liabilities) 803 2,747
Capital and reserves
Called up share capital 5 2 2
Profit and loss account 801 2,745
Shareholders' funds 803 2,747
  • For the year ending 30 April 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 6 May 2015

And signed on their behalf by:
P. R. Marriott, Director
C. P. Whitehead, Director

TAXASSIST ACCOUNTANTS (LOUGHBOROUGH) LTD Registered Number 03729305

Notes to the Abbreviated Accounts for the period ended 30 April 2015

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 net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life.

2Intangible fixed assets
£
Cost
At 1 May 2014 17,650
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2015 17,650
Amortisation
At 1 May 2014 14,680
Charge for the year -
On disposals -
At 30 April 2015 14,680
Net book values
At 30 April 2015 2,970
At 30 April 2014 2,970
3Tangible fixed assets
£
Cost
At 1 May 2014 151,562
Additions 32,665
Disposals (50,459)
Revaluations -
Transfers -
At 30 April 2015 133,768
Depreciation
At 1 May 2014 80,479
Charge for the year 18,486
On disposals (34,346)
At 30 April 2015 64,619
Net book values
At 30 April 2015 69,149
At 30 April 2014 71,083
4Creditors
2015
£		 2014
£
Secured Debts 63,979 72,979
5Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
20 A Ordinary shares of £0.10 each 2 2

6Transactions with directors

Name of director receiving advance or credit: P. R. Marriott
Description of the transaction: Loan to director
Balance at 1 May 2014: £ 3,052
Advances or credits made: £ 0
Advances or credits repaid: £ 3,052
Balance at 30 April 2015: £ 0
Name of director receiving advance or credit: C. P. Whitehead
Description of the transaction: Loan to director
Balance at 1 May 2014: £ 2,127
Advances or credits made: £ 0
Advances or credits repaid: £ 2,127
Balance at 30 April 2015: £ 0

P. R. Marriott maximum balance outstanding during year £3,187.
C. P. Whitehead maximum balance outstanding during year £2,254.