1st Easy Limited - Limited company - abbreviated

REGISTERED NUMBER: 03841912 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

1st Easy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S H Bell

Mrs V Bell

F H Stone

SECRETARY:

Mrs V Bell

REGISTERED OFFICE:

Lower Washford Mill

Mill Street

Buglawton

Congleton

Cheshire

CW12 2AD

REGISTERED NUMBER:

03841912 (England and Wales)

FIXED ASSETS

Tangible assets

2

74,177

88,879

Investments

3

5,000

79,177

93,879

CURRENT ASSETS

Debtors

32,799

26,195

Cash at bank and in hand

99,045

83,559

131,844

109,754

CREDITORS

Amounts falling due within one year

91,025

61,315

NET CURRENT ASSETS

40,819

48,439

TOTAL ASSETS LESS CURRENT
LIABILITIES

119,996

142,318

CREDITORS

Amounts falling due after more than
one year

-

(11,305

)

PROVISIONS FOR LIABILITIES

(9,300

)

(11,079

)

NET ASSETS

110,696

119,934

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

110,596

119,834

SHAREHOLDERS' FUNDS

110,696

119,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with
the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 April 2014 and were signed on its
behalf by:

S H Bell - Director

Mrs V Bell - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is stated net of VAT and trade discounts.

Turnover from the sale of goods is recognised when the goods are physically delivered to the

customer. Turnover from the supply of services represents the value of services provided under

contracts, to the extent that there is a right to consideration, is recorded at the value of the

consideration due. Where a contract has only been partially completed at the balance sheet date

turnover represents the value of the service provided to date based on a proportion of the total

contract value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33.33% on cost and 25% on reducing balance

Computer equipment

-

33.33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

Fixed asset investments

Investments held as fixed assets are shown at cost less any provision for impairment.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

407,428

Additions

42,322

At 31 December 2013

449,750

DEPRECIATION

At 1 January 2013

318,549

Charge for year

57,024

At 31 December 2013

375,573

NET BOOK VALUE

At 31 December 2013

74,177

At 31 December 2012

88,879

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

5,000

NET BOOK VALUE

At 31 December 2013

5,000

At 31 December 2012

5,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

100

Ordinary

£1

100