Abbreviated Company Accounts - NEAL AND CO BUSINESS SERVICES LIMITED

NEAL AND CO BUSINESS SERVICES LIMITED - Company Information

Registered Number 05043459

NEAL AND CO BUSINESS SERVICES LIMITED

Abbreviated Accounts

31 January 2014

NEAL AND CO BUSINESS SERVICES LIMITED Registered Number 05043459

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	390,000	360,000
Tangible assets	3	550	1,099
		390,550	361,099
Current assets
Stocks		45,766	34,132
Debtors		193,360	199,635
Cash at bank and in hand		20,775	48,494
		259,901	282,261
Creditors: amounts falling due within one year		(141,888)	(140,248)
Net current assets (liabilities)		118,013	142,013
Total assets less current liabilities		508,563	503,112
Creditors: amounts falling due after more than one year		(360,126)	(432,000)
Total net assets (liabilities)		148,437	71,112
Capital and reserves
Called up share capital		72,600	726
Profit and loss account		75,837	70,386
Shareholders' funds		148,437	71,112

For the year ending 31 January 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 16 October 2014

And signed on their behalf by:
Ian Marsh, Director
John Sherwood, Director

NEAL AND CO BUSINESS SERVICES LIMITED Registered Number 05043459

Notes to the Abbreviated Accounts for the period ended 31 January 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 amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Computer equipment 25% Straight Line
Fixtures, fittings & equip 25% Straight Line

Intangible assets amortisation policy
Goodwill acquired from related parties is not written off as the directors consider it inappropriate. Goodwill acquired from unrelated parties is written off over five years. Each year the carrying value of goodwill is reviewed in comparison to gross recurring fees and current market conditions.

2Intangible fixed assets

	£
Cost
At 1 February 2013	410,000
Additions	30,000
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	440,000
Amortisation
At 1 February 2013	50,000
Charge for the year	-
On disposals	-
At 31 January 2014	50,000
Net book values
At 31 January 2014	390,000
At 31 January 2013	360,000

3Tangible fixed assets

	£
Cost
At 1 February 2013	13,419
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	13,419
Depreciation
At 1 February 2013	12,320
Charge for the year	549
On disposals	-
At 31 January 2014	12,869
Net book values
At 31 January 2014	550
At 31 January 2013	1,099