Abbreviated Company Accounts - 1ST CALL ACCOUNTS LTD

1ST CALL ACCOUNTS LTD - Company Information

Registered Number 08216498

1ST CALL ACCOUNTS LTD

Abbreviated Accounts

31 March 2014

1ST CALL ACCOUNTS LTD Registered Number 08216498

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	7,000	9,000
Tangible assets	3	751	375
		7,751	9,375
Current assets
Debtors		37	3,084
Cash at bank and in hand		7,490	6,042
		7,527	9,126
Creditors: amounts falling due within one year		(15,270)	(5,055)
Net current assets (liabilities)		(7,743)	4,071
Total assets less current liabilities		8	13,446
Creditors: amounts falling due after more than one year		-	(8,059)
Total net assets (liabilities)		8	5,387
Capital and reserves
Called up share capital		1	1
Profit and loss account		7	5,386
Shareholders' funds		8	5,387

For the year ending 31 March 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 24 November 2014

And signed on their behalf by:
TANYA JACKSON, Director

1ST CALL ACCOUNTS LTD Registered Number 08216498

Notes to the Abbreviated Accounts for the period ended 31 March 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis. Computer equipment 25% Straight line

Intangible assets amortisation policy
Goodwill is amortised at a rate calculated to write off the asset on a straight line basis over its estimated useful economic life as follows. 5 equal installments over a 5 year period.

2Intangible fixed assets

	£
Cost
At 1 April 2013	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	10,000
Amortisation
At 1 April 2013	1,000
Charge for the year	2,000
On disposals	-
At 31 March 2014	3,000
Net book values
At 31 March 2014	7,000
At 31 March 2013	9,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	500
Additions	668
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,168
Depreciation
At 1 April 2013	125
Charge for the year	292
On disposals	-
At 31 March 2014	417
Net book values
At 31 March 2014	751
At 31 March 2013	375