Abbreviated Company Accounts - FORMAT COMPUTER SERVICES LIMITED

Abbreviated Company Accounts - FORMAT COMPUTER SERVICES LIMITED

FORMAT COMPUTER SERVICES LIMITED - Company Information

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Registered Number 02524914

FORMAT COMPUTER SERVICES LIMITED

Abbreviated Accounts

31 August 2014

FORMAT COMPUTER SERVICES LIMITED Registered Number 02524914

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 7,566 12,511
7,566 12,511
Current assets
Debtors 13,631 10,739
Cash at bank and in hand 2,328 -
15,959 10,739
Creditors: amounts falling due within one year (47,676) (64,612)
Net current assets (liabilities) (31,717) (53,873)
Total assets less current liabilities (24,151) (41,362)
Total net assets (liabilities) (24,151) (41,362)
Capital and reserves
Called up share capital 100 100
Profit and loss account (24,251) (41,462)
Shareholders' funds (24,151) (41,362)
  • For the year ending 31 August 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 19 May 2015

And signed on their behalf by:
Patricia Baxter, Director

FORMAT COMPUTER SERVICES LIMITED Registered Number 02524914

Notes to the Abbreviated Accounts for the period ended 31 August 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings 10% Straight line
Computer Equipment 33.33% Straight line
Motor Vehicles 15% Straight line
Office Equipment 10% Straight line

2Tangible fixed assets
£
Cost
At 1 September 2013 59,272
Additions 1,467
Disposals -
Revaluations -
Transfers -
At 31 August 2014 60,739
Depreciation
At 1 September 2013 46,761
Charge for the year 6,412
On disposals -
At 31 August 2014 53,173
Net book values
At 31 August 2014 7,566
At 31 August 2013 12,511