Abbreviated Company Accounts - GREENWOODS PROPERTY CENTRE LIMITED

GREENWOODS PROPERTY CENTRE LIMITED - Company Information

Registered Number 06921298

GREENWOODS PROPERTY CENTRE LIMITED

Abbreviated Accounts

30 June 2014

GREENWOODS PROPERTY CENTRE LIMITED Registered Number 06921298

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	17,000	20,400
Tangible assets	3	63,005	11,601
		80,005	32,001
Current assets
Debtors		223,762	128,569
Cash at bank and in hand		275	12,418
		224,037	140,987
Creditors: amounts falling due within one year		(95,135)	(38,988)
Net current assets (liabilities)		128,902	101,999
Total assets less current liabilities		208,907	134,000
Total net assets (liabilities)		208,907	134,000
Capital and reserves
Called up share capital		125	125
Profit and loss account		208,782	133,875
Shareholders' funds		208,907	134,000

For the year ending 30 June 2014 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 13 November 2014

And signed on their behalf by:
Mr M Grimsted, Director

GREENWOODS PROPERTY CENTRE LIMITED Registered Number 06921298

Notes to the Abbreviated Accounts for the period ended 30 June 2014

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.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on costs
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

2Intangible fixed assets

	£
Cost
At 1 July 2013	34,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	34,000
Amortisation
At 1 July 2013	13,600
Charge for the year	3,400
On disposals	-
At 30 June 2014	17,000
Net book values
At 30 June 2014	17,000
At 30 June 2013	20,400

3Tangible fixed assets

	£
Cost
At 1 July 2013	27,510
Additions	62,821
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	90,331
Depreciation
At 1 July 2013	15,909
Charge for the year	11,417
On disposals	-
At 30 June 2014	27,326
Net book values
At 30 June 2014	63,005
At 30 June 2013	11,601