Abbreviated Company Accounts - SIGNASSIST LIMITED

Abbreviated Company Accounts - SIGNASSIST LIMITED


Registered Number 05003055

SIGNASSIST LIMITED

Abbreviated Accounts

31 December 2013

SIGNASSIST LIMITED Registered Number 05003055

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 30,130 38,989
30,130 38,989
Current assets
Stocks 650 650
Debtors 8,386 14,259
Cash at bank and in hand 129,685 149,968
138,721 164,877
Creditors: amounts falling due within one year 3 (62,148) (79,209)
Net current assets (liabilities) 76,573 85,668
Total assets less current liabilities 106,703 124,657
Creditors: amounts falling due after more than one year 3 0 (513)
Provisions for liabilities (6,025) (7,797)
Total net assets (liabilities) 100,678 116,347
Capital and reserves
Called up share capital 4 10 10
Profit and loss account 100,668 116,337
Shareholders' funds 100,678 116,347
  • For the year ending 31 December 2013 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 25 September 2014

And signed on their behalf by:
P BOTTOMLEY, Director

SIGNASSIST LIMITED Registered Number 05003055

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
The turnover shown in the profit and loss account represents the invoice value of goods supplied and services provided during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
Fixtures, Fittings & Equipment - 10% per annum reducing balance
Motor Vehicles - 25% per annum reducing balance

Other accounting policies
Stocks - Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase agreements - Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their far value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements - Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Tangible fixed assets
£
Cost
At 1 January 2013 64,097
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 64,097
Depreciation
At 1 January 2013 25,108
Charge for the year 8,859
On disposals -
At 31 December 2013 33,967
Net book values
At 31 December 2013 30,130
At 31 December 2012 38,989
3Creditors
2013
£
2012
£
Secured Debts 513 5,877
4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
10 Ordinary shares of £1 each 10 10