Abbreviated Company Accounts - ASSET LETTINGS LIMITED

ASSET LETTINGS LIMITED - Company Information

Registered Number 06719632

ASSET LETTINGS LIMITED

Abbreviated Accounts

31 October 2013

ASSET LETTINGS LIMITED Registered Number 06719632

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	22,841	22,420
		22,841	22,420
Current assets
Debtors		7,025	772
Cash at bank and in hand		588	-
		7,613	772
Creditors: amounts falling due within one year		(17,854)	(16,039)
Net current assets (liabilities)		(10,241)	(15,267)
Total assets less current liabilities		12,600	7,153
Creditors: amounts falling due after more than one year		(42,000)	(42,000)
Total net assets (liabilities)		(29,400)	(34,847)
Capital and reserves
Called up share capital		44,000	44,000
Profit and loss account		(73,400)	(78,847)
Shareholders' funds		(29,400)	(34,847)

For the year ending 31 October 2013 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 30 July 2014

And signed on their behalf by:
Mr D J Mead, Director

ASSET LETTINGS LIMITED Registered Number 06719632

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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 value of services provided in the normal course of business, excluding Value Added Tax, similar taxes and trade discounts.

Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Tangible assets depreciation policy
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:

Office Equipment - over 10 years

Other accounting policies
Operating Lease Agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 November 2012	24,066
Additions	780
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	24,846
Depreciation
At 1 November 2012	1,646
Charge for the year	359
On disposals	-
At 31 October 2013	2,005
Net book values
At 31 October 2013	22,841
At 31 October 2012	22,420