Abbreviated Company Accounts - PRIESTLEY REMOVALS LTD

Abbreviated Company Accounts - PRIESTLEY REMOVALS LTD

SELECT TECHNOLOGY SOLUTIONS LTD - Company Information

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Registered Number 07102511

PRIESTLEY REMOVALS LTD

Abbreviated Accounts

31 December 2014

PRIESTLEY REMOVALS LTD Registered Number 07102511

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 750 3,750
Tangible assets 3 4,081 8,415
4,831 12,165
Current assets
Stocks 300 300
Debtors 33,379 24,666
Cash at bank and in hand 17,900 17,860
51,579 42,826
Prepayments and accrued income 2,072 1,307
Creditors: amounts falling due within one year (15,641) (22,898)
Net current assets (liabilities) 38,010 21,235
Total assets less current liabilities 42,841 33,400
Creditors: amounts falling due after more than one year 0 (1,395)
Total net assets (liabilities) 42,841 32,005
Capital and reserves
Called up share capital 50,100 50,100
Profit and loss account (7,259) (18,095)
Shareholders' funds 42,841 32,005
  • For the year ending 31 December 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 29 September 2015

And signed on their behalf by:
Stephen Patrick Mackee, Director

PRIESTLEY REMOVALS LTD Registered Number 07102511

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant and Machinery 25% straight line
Fixtures and fittings 33% straight line

Intangible assets amortisation policy
Intangible Assets comprise goodwill arising on the acquisition of the business. The directors intend to write down this asset over 5 years on a straight line basis

2Intangible fixed assets
£
Cost
At 1 January 2014 15,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 15,000
Amortisation
At 1 January 2014 11,250
Charge for the year 3,000
On disposals -
At 31 December 2014 14,250
Net book values
At 31 December 2014 750
At 31 December 2013 3,750
3Tangible fixed assets
£
Cost
At 1 January 2014 25,329
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 25,329
Depreciation
At 1 January 2014 16,914
Charge for the year 4,334
On disposals -
At 31 December 2014 21,248
Net book values
At 31 December 2014 4,081
At 31 December 2013 8,415