Abbreviated Company Accounts - M S ACCOUNTANCY SERVICES (EASTWOOD) LIMITED

Abbreviated Company Accounts - M S ACCOUNTANCY SERVICES (EASTWOOD) LIMITED

M S ACCOUNTANCY SERVICES (EASTWOOD) LIMITED - Company Information

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Registered Number 06939452

M S ACCOUNTANCY SERVICES (EASTWOOD) LIMITED

Abbreviated Accounts

30 June 2014

M S ACCOUNTANCY SERVICES (EASTWOOD) LIMITED Registered Number 06939452

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 34,517 36,818
Tangible assets 3 2,362 780
36,879 37,598
Current assets
Stocks 6,450 3,033
Debtors 16,088 15,539
Cash at bank and in hand 1,642 1,748
24,180 20,320
Creditors: amounts falling due within one year (54,116) (52,542)
Net current assets (liabilities) (29,936) (32,222)
Total assets less current liabilities 6,943 5,376
Provisions for liabilities (586) (156)
Total net assets (liabilities) 6,357 5,220
Capital and reserves
Called up share capital 102 102
Profit and loss account 6,255 5,118
Shareholders' funds 6,357 5,220
  • For the year ending 30 June 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 17 September 2014

And signed on their behalf by:
JENNIFER GAMBLE, Director
MATTHEW STENSON, Director

M S ACCOUNTANCY SERVICES (EASTWOOD) LIMITED Registered Number 06939452

Notes to the Abbreviated Accounts for the period ended 30 June 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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life

Intangible assets amortisation policy
Goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years

2Intangible fixed assets
£
Cost
At 1 July 2013 46,022
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 46,022
Amortisation
At 1 July 2013 9,204
Charge for the year 2,301
On disposals -
At 30 June 2014 11,505
Net book values
At 30 June 2014 34,517
At 30 June 2013 36,818
3Tangible fixed assets
£
Cost
At 1 July 2013 2,074
Additions 2,370
Disposals -
Revaluations -
Transfers -
At 30 June 2014 4,444
Depreciation
At 1 July 2013 1,294
Charge for the year 788
On disposals -
At 30 June 2014 2,082
Net book values
At 30 June 2014 2,362
At 30 June 2013 780