Abbreviated Company Accounts - SIMPLE TAX RETURNS LIMITED

Abbreviated Company Accounts - SIMPLE TAX RETURNS LIMITED

SIMPL ACCOUNTANTS AND BUSINESS ADVISORY LIMITED - Company Information

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Registered Number 07973643

SIMPLE TAX RETURNS LIMITED

Abbreviated Accounts

31 March 2015

SIMPLE TAX RETURNS LIMITED Registered Number 07973643

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 6,028 27,072
6,028 27,072
Current assets
Debtors 17,767 476
Cash at bank and in hand 45,161 16,247
62,928 16,723
Creditors: amounts falling due within one year (26,905) (13,221)
Net current assets (liabilities) 36,023 3,502
Total assets less current liabilities 42,051 30,574
Creditors: amounts falling due after more than one year (7,563) (12,813)
Total net assets (liabilities) 34,488 17,761
Capital and reserves
Called up share capital 200 100
Profit and loss account 34,288 17,661
Shareholders' funds 34,488 17,761
  • 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 29 July 2015

And signed on their behalf by:
J.E.Goldstein, Director

SIMPLE TAX RETURNS LIMITED Registered Number 07973643

Notes to the Abbreviated Accounts for the period ended 31 March 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 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:

Computer Equipment 33 1/3% Straight line
Motor Vehicles 20% Straight line
Fixt. Fitt.& Equip 20% Straight line

2Tangible fixed assets
£
Cost
At 1 April 2014 31,096
Additions 4,433
Disposals (25,000)
Revaluations -
Transfers -
At 31 March 2015 10,529
Depreciation
At 1 April 2014 4,024
Charge for the year 3,394
On disposals (2,917)
At 31 March 2015 4,501
Net book values
At 31 March 2015 6,028
At 31 March 2014 27,072