Registered Number 07396510

1ST CHOICE MINI TIME SKIPS LTD

Abbreviated Accounts

31 October 2012

1ST CHOICE MINI TIME SKIPS LTD Registered Number 07396510

Abbreviated Balance Sheet as at 31 October 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 26,093 32,617
26,093 32,617
Current assets
Debtors 18,519 7,229
Cash at bank and in hand 17,352 22,049
35,871 29,278
Creditors: amounts falling due within one year (33,385) (24,235)
Net current assets (liabilities) 2,486 5,043
Total assets less current liabilities 28,579 37,660
Creditors: amounts falling due after more than one year (78,000) (78,000)
Total net assets (liabilities) (49,421) (40,340)
Capital and reserves
Called up share capital 100 100
Profit and loss account (49,521) (40,440)
Shareholders' funds (49,421) (40,340)
  • For the year ending 31 October 2012 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 31 July 2013

And signed on their behalf by:
Mr Lee Smart, Director

1ST CHOICE MINI TIME SKIPS LTD Registered Number 07396510

Notes to the Abbreviated Accounts for the period ended 31 October 2012

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance

2Tangible fixed assets
£
Cost
At 1 November 2011 41,419
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2012 41,419
Depreciation
At 1 November 2011 8,802
Charge for the year 6,524
On disposals -
At 31 October 2012 15,326
Net book values
At 31 October 2012 26,093
At 31 October 2011 32,617