Abbreviated Company Accounts - NEW MORTGAGE SOLUTIONS LTD

NEW MORTGAGE SOLUTIONS LTD - Company Information

Registered Number 05311024

NEW MORTGAGE SOLUTIONS LTD

Abbreviated Accounts

31 March 2015

NEW MORTGAGE SOLUTIONS LTD Registered Number 05311024

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	3,900
Tangible assets	3	2,605	1,319
		2,605	5,219
Current assets
Debtors		9,976	79
Cash at bank and in hand		48,810	31,353
		58,786	31,432
Creditors: amounts falling due within one year		(34,299)	(24,848)
Net current assets (liabilities)		24,487	6,584
Total assets less current liabilities		27,092	11,803
Total net assets (liabilities)		27,092	11,803
Capital and reserves
Called up share capital		1	1
Profit and loss account		27,091	11,802
Shareholders' funds		27,092	11,803

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 16 October 2015

And signed on their behalf by:
M F Worman, Director

NEW MORTGAGE SOLUTIONS LTD Registered Number 05311024

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 the value of work carried out in respect of services provided to customers.

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 20% straight line

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

2Intangible fixed assets

	£
Cost
At 1 April 2014	52,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	52,000
Amortisation
At 1 April 2014	48,100
Charge for the year	3,900
On disposals	-
At 31 March 2015	52,000
Net book values
At 31 March 2015	0
At 31 March 2014	3,900

Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

3Tangible fixed assets

	£
Cost
At 1 April 2014	3,366
Additions	2,507
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	5,873
Depreciation
At 1 April 2014	2,047
Charge for the year	1,221
On disposals	-
At 31 March 2015	3,268
Net book values
At 31 March 2015	2,605
At 31 March 2014	1,319