Abbreviated Company Accounts - TEAMSWIFT SOLUTIONS LIMITED

TEAMSWIFT SOLUTIONS LIMITED - Company Information

Registered Number 06544382

TEAMSWIFT SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2015

TEAMSWIFT SOLUTIONS LIMITED Registered Number 06544382

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	32,008	25,266
		32,008	25,266
Current assets
Debtors		26,400	-
Cash at bank and in hand		43,008	98,218
		69,408	98,218
Creditors: amounts falling due within one year		(17,280)	(43,813)
Net current assets (liabilities)		52,128	54,405
Total assets less current liabilities		84,136	79,671
Provisions for liabilities		(1,817)	(2,243)
Accruals and deferred income		(1,200)	(1,200)
Total net assets (liabilities)		81,119	76,228
Capital and reserves
Called up share capital		100	100
Profit and loss account		81,019	76,128
Shareholders' funds		81,119	76,228

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 31 May 2015

And signed on their behalf by:
G Shah, Director

TEAMSWIFT SOLUTIONS LIMITED Registered Number 06544382

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 represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost, net of depreciation. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 50% reducing balance
Fixtures and fittings 50% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 April 2014	49,469
Additions	17,171
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	66,640
Depreciation
At 1 April 2014	24,203
Charge for the year	10,429
On disposals	-
At 31 March 2015	34,632
Net book values
At 31 March 2015	32,008
At 31 March 2014	25,266