Abbreviated Company Accounts - THE PHONE EXCHANGE LIMITED

THE PHONE EXCHANGE LIMITED - Company Information

Registered Number 03033499

THE PHONE EXCHANGE LIMITED

Abbreviated Accounts

26 May 2015

THE PHONE EXCHANGE LIMITED Registered Number 03033499

Abbreviated Balance Sheet as at 26 May 2015

	Notes	26/05/2015	19/03/2015
		£	£
Fixed assets
Intangible assets	2	7,000	7,000
Tangible assets	3	1,230	2,135
		8,230	9,135
Current assets
Stocks		500	1,500
Debtors		19,184	7,329
Cash at bank and in hand		13,112	13,619
		32,796	22,448
Creditors: amounts falling due within one year		(37,507)	(30,946)
Net current assets (liabilities)		(4,711)	(8,498)
Total assets less current liabilities		3,519	637
Total net assets (liabilities)		3,519	637
Capital and reserves
Called up share capital		5	5
Profit and loss account		3,514	632
Shareholders' funds		3,519	637

For the year ending 26 May 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 16 December 2016

And signed on their behalf by:
A J TERRY, Director

THE PHONE EXCHANGE LIMITED Registered Number 03033499

Notes to the Abbreviated Accounts for the period ended 26 May 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.

Tangible assets depreciation policy
Depreciation has been provided for to write off the cost or valuation of all tangible fixed assets over their estimated useful lives on a reducing balance basis at rates considered appropriate by the Board.

Intangible assets amortisation policy
Amortisation has been provided for to write off the cost or valuation of all intangible fixed assets over their estimated useful lives on a straight line basis as considered appropriate by the Board.

2Intangible fixed assets

	£
Cost
At 20 March 2015	7,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 26 May 2015	7,000
Amortisation
At 20 March 2015	-
Charge for the year	-
On disposals	-
At 26 May 2015	-
Net book values
At 26 May 2015	7,000
At 19 March 2015	7,000

3Tangible fixed assets

	£
Cost
At 20 March 2015	9,861
Additions	711
Disposals	-
Revaluations	-
Transfers	-
At 26 May 2015	10,572
Depreciation
At 20 March 2015	7,726
Charge for the year	1,616
On disposals	-
At 26 May 2015	9,342
Net book values
At 26 May 2015	1,230
At 19 March 2015	2,135