Abbreviated Company Accounts - 1ST LETTINGS PROPERTY SERVICES LIMITED

1ST LETTINGS PROPERTY SERVICES LIMITED - Company Information

05417335 1ST LETTINGS PROPERTY SERVICES LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 05417335 2015-05-01 2016-04-30 05417335 2016-04-30 05417335 2015-04-30 05417335 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 05417335 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-30 iso4217:GBP shares

Registered Number 05417335

1ST LETTINGS PROPERTY SERVICES LIMITED

Abbreviated Accounts

30 April 2016

1ST LETTINGS PROPERTY SERVICES LIMITED Registered Number 05417335

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	207,316	207,624
		207,316	207,624
Current assets
Debtors		241,586	155,971
Cash at bank and in hand		23,130	26,024
		264,716	181,995
Creditors: amounts falling due within one year		(335,715)	(245,383)
Net current assets (liabilities)		(70,999)	(63,388)
Total assets less current liabilities		136,317	144,236
Creditors: amounts falling due after more than one year		(89,191)	(95,271)
Provisions for liabilities		(505)	(470)
Total net assets (liabilities)		46,621	48,495
Capital and reserves
Called up share capital	3	101	100
Profit and loss account		46,520	48,395
Shareholders' funds		46,621	48,495

For the year ending 30 April 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 31 October 2016

And signed on their behalf by:
Mr S Bajwa, Director

1ST LETTINGS PROPERTY SERVICES LIMITED Registered Number 05417335

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% reducing balance
Fixtures & Fittings - 25% reducing balance
Equipment - 25% reducing balance

Other accounting policies
The company was under the joint control of Mr S Bajwa & Mr M Campbell current year. Mr S Bajwa is the managing director.

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

2Tangible fixed assets

	£
Cost
At 1 May 2015	221,825
Additions	700
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	222,525
Depreciation
At 1 May 2015	14,201
Charge for the year	1,008
On disposals	-
At 30 April 2016	15,209
Net book values
At 30 April 2016	207,316
At 30 April 2015	207,624

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100
1 B Ordinary shares of £1 each (0 shares for 2015)	1	0