Abbreviated Company Accounts - 1ST LETTINGS PROPERTY SERVICES LIMITED

1ST LETTINGS PROPERTY SERVICES LIMITED - Company Information

05417335 1ST LETTINGS PROPERTY SERVICES LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 05417335 2014-05-01 2015-04-30 05417335 2015-04-30 05417335 2014-04-30 05417335 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 05417335 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 05417335

1ST LETTINGS PROPERTY SERVICES LIMITED

Abbreviated Accounts

30 April 2015

1ST LETTINGS PROPERTY SERVICES LIMITED Registered Number 05417335

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	207,624	208,465
		207,624	208,465
Current assets
Debtors		155,971	73,203
Cash at bank and in hand		26,024	24,718
		181,995	97,921
Creditors: amounts falling due within one year		(245,383)	(133,058)
Net current assets (liabilities)		(63,388)	(35,137)
Total assets less current liabilities		144,236	173,328
Creditors: amounts falling due after more than one year		(95,271)	(100,764)
Provisions for liabilities		(470)	(595)
Total net assets (liabilities)		48,495	71,969
Capital and reserves
Called up share capital	3	100	150
Other reserves		(26,950)	-
Profit and loss account		75,345	71,819
Shareholders' funds		48,495	71,969

For the year ending 30 April 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 14 December 2015

And signed on their behalf by:
MR S BAJWA, Director

1ST LETTINGS PROPERTY SERVICES LIMITED Registered Number 05417335

Notes to the Abbreviated Accounts for the period ended 30 April 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% reducing balance
Fixtures & Fittings - 25% reducing balance
Equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 May 2014	221,555
Additions	270
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	221,825
Depreciation
At 1 May 2014	13,090
Charge for the year	1,111
On disposals	-
At 30 April 2015	14,201
Net book values
At 30 April 2015	207,624
At 30 April 2014	208,465

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each (150 shares for 2014)	100	150