EQUITY HOUSE BUSINESS SERVICES LTD
EQUITY HOUSE BUSINESS SERVICES LTD
Registered number: 5443605
Abbreviated accounts
For The Year Ended 31 March 2016
EQUITY HOUSE BUSINESS SERVICES LTD
Company No. 5443605
Abbreviated Balance Sheet
31 March 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 2 |
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| Tangible Assets | 3 |
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| 52,350 | 52,465 | ||||
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 4 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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EQUITY HOUSE BUSINESS SERVICES LTD
Company No. 5443605
Abbreviated Balance Sheet (continued)
31 March 2016
Directors' responsibilities:
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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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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EQUITY HOUSE BUSINESS SERVICES LTD
Notes to the Abbreviated Accounts
For The Year Ended 31 March 2016
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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Intangible Assets
| Total | ||
|---|---|---|
| Cost | £ | |
| As at |
52,000 | |
| As at |
52,000 | |
| Net Book Value | ||
| As at |
52,000 | |
| As at |
52,000 | |
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EQUITY HOUSE BUSINESS SERVICES LTD
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 March 2016
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Creditors: Amounts Falling Due After More Than One Year
| 2016 | 2015 | ||
|---|---|---|---|
| £ | £ | ||
| Directors loan account |
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Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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