Abbreviated Company Accounts - TEAMSWIFT SOLUTIONS LIMITED

Abbreviated Company Accounts - TEAMSWIFT SOLUTIONS LIMITED

TEAMSWIFT SOLUTIONS LIMITED - Company Information

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Registered Number 06544382

TEAMSWIFT SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2014

TEAMSWIFT SOLUTIONS LIMITED Registered Number 06544382

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 25,266 4,327
25,266 4,327
Current assets
Debtors - 1,880
Cash at bank and in hand 98,218 88,406
98,218 90,286
Creditors: amounts falling due within one year (45,013) (16,319)
Net current assets (liabilities) 53,205 73,967
Total assets less current liabilities 78,471 78,294
Provisions for liabilities (2,243) (822)
Total net assets (liabilities) 76,228 77,472
Capital and reserves
Called up share capital 100 100
Profit and loss account 76,128 77,372
Shareholders' funds 76,228 77,472
  • 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 5 June 2014

And signed on their behalf by:
Mr G Shah, Director

TEAMSWIFT SOLUTIONS LIMITED Registered Number 06544382

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 represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost, net of depreciation. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 50% reducing balance
Fixtures and fittings 50% reducing balance
Motor vehicles 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2013 26,054
Additions 23,415
Disposals -
Revaluations -
Transfers -
At 31 March 2014 49,469
Depreciation
At 1 April 2013 21,727
Charge for the year 2,476
On disposals -
At 31 March 2014 24,203
Net book values
At 31 March 2014 25,266
At 31 March 2013 4,327