| 1st Choice Mini Time Skips Ltd |
| Registered number: |
07396510 |
| Abbreviated Balance Sheet |
| as at 31 October 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
32,812 |
|
|
23,015 |
|
| Current assets |
| Debtors |
|
|
31,104 |
|
|
18,912 |
| Cash at bank and in hand |
|
|
3,396 |
|
|
17,007 |
|
|
|
34,500 |
|
|
35,919 |
|
| Creditors: amounts falling due within one year |
|
|
(93,292) |
|
|
(56,318) |
|
| Net current liabilities |
|
|
|
(58,792) |
|
|
(20,399) |
|
| Total assets less current liabilities |
|
|
|
(25,980) |
|
|
2,616 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(82,000) |
|
|
(78,000) |
|
|
|
| Net liabilities |
|
|
|
(107,980) |
|
|
(75,384) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(108,080) |
|
|
(75,484) |
|
| Shareholder's funds |
|
|
|
(107,980) |
|
|
(75,384) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr Lee Smart |
| Director |
| Approved by the board on 31 July 2015 |
|
| 1st Choice Mini Time Skips Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
18% reducing balance |
|
Motor vehicles |
18% reducing balance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2013 |
44,693 |
|
Additions |
17,000 |
|
At 31 October 2014 |
61,693 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2013 |
21,678 |
|
Charge for the year |
7,203 |
|
At 31 October 2014 |
28,881 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
32,812 |
|
At 31 October 2013 |
23,015 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
|
|
|
|
|
|