ReesRussell Taxation Services Limited - Period Ending 2016-03-31

Registration number: 6017909

ReesRussell Taxation Services Limited

Unaudited Abbreviated Accounts

for the year ended 31 March 2016
 

ReesRussell LLP
Chartered Accountants
37 Market Square
Witney
Oxfordshire
OX28 6RE

ReesRussell Taxation Services Limited
(Registration number: 6017909)
Unaudited financial statements
Abbreviated balance sheet as at 31 March 2016

		Note			2016						2015
	£			£			£			£
Fixed assets
Intangible fixed assets								8,249						-
Current assets
Debtors					13,064						8,151
Cash at bank and in hand					7,451						8,793
					20,515						16,944
Creditors: Amounts falling due within one year					(5,225)						(6,091)
Net current assets								15,290						10,853
Total assets less current liabilities								23,539						10,853
Creditors: Amounts falling due after more than one year								(10,000)						-
Net assets								13,539						10,853
Capital and reserves
Called up share capital		3			1,000						1,000
Profit and loss account					12,539						9,853
Shareholders' funds								13,539						10,853

For the year ending 31 March 2016 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 1 April 2016...................................... and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
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ReesRussell Taxation Services Limited
(Registration number: 6017909)
Unaudited financial statements
Abbreviated balance sheet as at 31 March 2016
......... continued

J M Russell
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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ReesRussell Taxation Services Limited
Unaudited financial statements
Notes to the abbreviated accounts for the year ended 31 March 2016

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 January 2015).

Turnover

Turnover represents the total value of invoices raised in the year net of value added tax, together with the value of any work done where a right to consideration arises.

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 aquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

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

Asset class	Amortisation method and rate
Goodwill	straight line over 2 years

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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ReesRussell Taxation Services Limited
Unaudited financial statements
Notes to the abbreviated accounts for the year ended 31 March 2016

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 April 2015		81,332			81,332
Additions		23,010			23,010
At 31 March 2016		104,342			104,342
Depreciation
At 1 April 2015		81,332			81,332
Charge for the year		14,761			14,761
At 31 March 2016		96,093			96,093
Net book value
At 31 March 2016		8,249			8,249
At 31 March 2015		-			-

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

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