Tax Return Services (NW) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07312169 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

TAX RETURN SERVICES (NW) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H J Smith

P Crone

REGISTERED OFFICE:

205a Nantwich Road

Crewe

Cheshire

CW2 6DD

REGISTERED NUMBER:

07312169 (England and Wales)

ACCOUNTANTS:

Private Client Services (NW) Limited

205a Nantwich Road

Crewe

Cheshire

CW2 6DD

FIXED ASSETS

Intangible assets

2

43,200

48,000

CURRENT ASSETS

Stocks

25,950

20,700

Debtors

12,297

11,044

Cash at bank and in hand

11,825

7,295

50,072

39,039

CREDITORS

Amounts falling due within one year

15,447

11,354

NET CURRENT ASSETS

34,625

27,685

TOTAL ASSETS LESS CURRENT LIABILITIES

77,825

75,685

CREDITORS

Amounts falling due after more than one year

16,000

16,000

NET ASSETS

61,825

59,685

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

61,725

59,585

SHAREHOLDERS' FUNDS

61,825

59,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 December 2016 and were signed on its behalf by:

H J Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

48,000

AMORTISATION

Amortisation for year

4,800

At 31 March 2016

4,800

NET BOOK VALUE

At 31 March 2016

43,200

At 31 March 2015

48,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100