Abbreviated Company Accounts - EFFECTIVE SYSTEMS (GRP) LIMITED

Abbreviated Company Accounts - EFFECTIVE SYSTEMS (GRP) LIMITED

EFFECTIVE SYSTEMS (GRP) LIMITED - Company Information

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Registered Number 07153691

EFFECTIVE SYSTEMS (GRP) LIMITED

Abbreviated Accounts

28 February 2015

EFFECTIVE SYSTEMS (GRP) LIMITED Registered Number 07153691

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 292 1,335
Tangible assets 3 3,910 4,734
4,202 6,069
Current assets
Debtors 13,680 6,066
Investments 3,720 3,815
17,400 9,881
Creditors: amounts falling due within one year (14,077) (9,485)
Net current assets (liabilities) 3,323 396
Total assets less current liabilities 7,525 6,465
Creditors: amounts falling due after more than one year (2,562) (7,337)
Total net assets (liabilities) 4,963 (872)
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,962 (873)
Shareholders' funds 4,963 (872)
  • For the year ending 28 February 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 11 November 2015

And signed on their behalf by:
Jason Miller, Director
Jason Miller, Director

EFFECTIVE SYSTEMS (GRP) LIMITED Registered Number 07153691

Notes to the Abbreviated Accounts for the period ended 28 February 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, net of value added tax and discounts, of goods provided to customers and 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.
Computer equipment 25% reducing balance
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance

2Intangible fixed assets
£
Cost
At 1 March 2014 5,213
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2015 5,213
Amortisation
At 1 March 2014 3,878
Charge for the year 1,043
On disposals -
At 28 February 2015 4,921
Net book values
At 28 February 2015 292
At 28 February 2014 1,335
3Tangible fixed assets
£
Cost
At 1 March 2014 9,937
Additions 856
Disposals -
Revaluations -
Transfers -
At 28 February 2015 10,793
Depreciation
At 1 March 2014 5,203
Charge for the year 1,680
On disposals -
At 28 February 2015 6,883
Net book values
At 28 February 2015 3,910
At 28 February 2014 4,734