Abbreviated Company Accounts - HOUSEWISE LETTINGS LIMITED

Abbreviated Company Accounts - HOUSEWISE LETTINGS LIMITED

Registered Number 04043943


Abbreviated Accounts

31 March 2014

HOUSEWISE LETTINGS LIMITED Registered Number 04043943

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,348 2,762
2,348 2,762
Current assets
Debtors 541 1
Cash at bank and in hand 9,689 7,481
10,230 7,482
Creditors: amounts falling due within one year (3,700) (4,488)
Net current assets (liabilities) 6,530 2,994
Total assets less current liabilities 8,878 5,756
Provisions for liabilities (470) (552)
Total net assets (liabilities) 8,408 5,204
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,407 5,203
Shareholders' funds 8,408 5,204
  • 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 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 23 June 2014

And signed on their behalf by:
Mrs S J P Osborne, Director

HOUSEWISE LETTINGS LIMITED Registered Number 04043943

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 15% reducing balance method

Other accounting policies
Deferred taxation
The charge for taxation is based on the results for the year and takes into account taxation deferred
because of timing differences between the treatment of certain items for taxation and accounting
purposes. In accordance with Financial Reporting Standard 19, provision is made for deferred tax in
respect of all timing differences that have been originated but not reversed by the balance sheet date.
Deferred tax assets are recognised when it is more likely than not that the asset will be recovered.
Deferred tax is measured using rates that have been enacted by the balance sheet date. Deferred tax balances are not discounted.

2Tangible fixed assets
At 1 April 2013 6,069
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 6,069
At 1 April 2013 3,307
Charge for the year 414
On disposals -
At 31 March 2014 3,721
Net book values
At 31 March 2014 2,348
At 31 March 2013 2,762