Abbreviated Company Accounts - RS OFFICE SERVICES LTD

Abbreviated Company Accounts - RS OFFICE SERVICES LTD

THE ACCOUNTS TEAM LTD - Company Information

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Registered Number 07428124

RS OFFICE SERVICES LTD

Abbreviated Accounts

31 October 2015

RS OFFICE SERVICES LTD Registered Number 07428124

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,672 463
1,672 463
Current assets
Debtors 9,086 10,859
Investments 3,171 1,054
Cash at bank and in hand 24,949 8,796
37,206 20,709
Creditors: amounts falling due within one year (15,121) (11,652)
Net current assets (liabilities) 22,085 9,057
Total assets less current liabilities 23,757 9,520
Total net assets (liabilities) 23,757 9,520
Capital and reserves
Called up share capital 2 2
Profit and loss account 23,755 9,518
Shareholders' funds 23,757 9,520
  • For the year ending 31 October 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 March 2016

And signed on their behalf by:
Ruth Wood, Director

RS OFFICE SERVICES LTD Registered Number 07428124

Notes to the Abbreviated Accounts for the period ended 31 October 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% reducing balance

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 4 years.

Valuation information and policy
Investments
Current asset investments are stated at the lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
At 1 November 2014 1,007
Additions 1,766
Disposals -
Revaluations -
Transfers -
At 31 October 2015 2,773
Depreciation
At 1 November 2014 544
Charge for the year 557
On disposals -
At 31 October 2015 1,101
Net book values
At 31 October 2015 1,672
At 31 October 2014 463