Assure Services (NI) Ltd - Period Ending 2014-03-31

Registration number: NI608201

Assure Services (NI) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Assure Services (NI) Ltd
(Registration number: NI608201)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets		2			24,000			27,000
Tangible fixed assets		2			83,671			41,203
					107,671			68,203
Current assets
Debtors					52,075			68,512
Cash at bank and in hand					32,132			9,257
					84,207			77,769
Creditors (due within one year)					(79,869)			(64,290)
Net current assets					4,338			13,479
Total assets less current liabilities					112,009			81,682
Creditors (due after more than one year)
Obligations under hire purchase and finance leases					(34,504)			(14,357)
Directors current account					(70,943)			(59,640)
Creditors: Amounts falling due after more than one year					(105,447)			(73,997)
Net assets					6,562			7,685
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					6,560			7,683
Shareholders' funds					6,562			7,685

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 notes on pages 3 to 4 form an integral part of these financial statements.
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Assure Services (NI) Ltd
(Registration number: NI608201)
Abbreviated Balance Sheet at 31 March 2014
......... continued

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 December 2014 and signed on its behalf by:

.........................................
Mrs Louise Martin
Director

.........................................
Mr Damien Martin
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Assure Services (NI) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of services provided net of value added tax,

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Plant and machinery	20% straight line
Office equipment	25% straight line
Motor vans	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

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Assure Services (NI) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2013		30,000			73,297			103,297
Additions		-			85,728			85,728
Disposals		-			(34,831)			(34,831)
At 31 March 2014		30,000			124,194			154,194
Depreciation
At 1 April 2013		3,000			32,094			35,094
Charge for the year		3,000			23,042			26,042
Eliminated on disposals		-			(14,613)			(14,613)
At 31 March 2014		6,000			40,523			46,523
Net book value
At 31 March 2014		24,000			83,671			107,671
At 31 March 2013		27,000			41,203			68,203

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

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