Assure Services (NI) Ltd - Period Ending 2015-03-31

Registration number: NI608201

Assure Services (NI) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Assure Services (NI) Ltd
(Registration number: NI608201)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets		2			21,000			24,000
Tangible fixed assets		2			66,985			83,671
					87,985			107,671
Current assets
Debtors					57,207			52,075
Cash at bank and in hand					43,731			32,132
					100,938			84,207
Creditors (due within one year)					(100,871)			(79,869)
Net current assets					67			4,338
Total assets less current liabilities					88,052			112,009
Creditors (due after more than one year)
Obligations under hire purchase and finance leases					(24,674)			(34,504)
Directors current account					(56,623)			(70,943)
Bank loan					(6,201)			-
Creditors: Amounts falling due after more than one year					(87,498)			(105,447)
Net assets					554			6,562
Capital and reserves
Called up share capital		3			100			2
Profit and loss account					454			6,560
Shareholders' funds					554			6,562

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 notes on pages 3 to 4 form an integral part of these financial statements.
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Assure Services (NI) Ltd
(Registration number: NI608201)
Abbreviated Balance Sheet at 31 March 2015
......... continued

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 19 November 2015 and signed on its behalf by:

.........................................
Mrs Louise Martin
Director

.........................................
Mr Damien Martin
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Assure Services (NI) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of services provided net of value added tax,

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Plant and machinery	20% straight line
Office equipment	25% straight line
Motor vans	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

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Assure Services (NI) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2014		30,000			124,194			154,194
Additions		-			4,081			4,081
At 31 March 2015		30,000			128,275			158,275
Depreciation
At 1 April 2014		6,000			40,523			46,523
Charge for the year		3,000			20,767			23,767
At 31 March 2015		9,000			61,290			70,290
Net book value
At 31 March 2015		21,000			66,985			87,985
At 31 March 2014		24,000			83,671			107,671

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary 'A' shares of £1 each		2			2			2			2
Ordinary 'B' shares of £1 each		98			98			-			-
		100			100			2			2

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