Company Registration No. 04727888 (England and Wales)
A1 COMPANY SERVICES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
A1 COMPANY SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A1 COMPANY SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,180,000
Tangible assets
2
13,227
Investments
2
617,150
1,810,377
Current assets
Stocks
4,808
Debtors
1
169,542
Cash at bank and in hand
286,791
1
461,141
Creditors: amounts falling due within one year
(865,887)
Net current assets/(liabilities)
1
(404,746)
Total assets less current liabilities
1
1,405,631
Provisions for liabilities
(1,825)
1
1,403,806
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
1,403,805
Shareholders' funds
1
1,403,806
A1 COMPANY SERVICES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2014
31 December 2014
- 2 -
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 July 2015
Mrs B Kahan
Director
Company Registration No. 04727888
A1 COMPANY SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.3
Goodwill
The balance of acquired goodwill was written off in the year. In prior years acquired goodwill was written off in equal annual instalments over its useful economic life which was expected to be 20 years.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Reducing balance basis
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.7
Stock
Work in progress is valued at the lower of cost and net realisable value.
1.8
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.9
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
A1 COMPANY SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 January 2014
2,000,000
110,679
617,150
2,727,829
Disposals
(110,679)
(617,150)
(727,829)
Written off against reserves
(2,000,000)
-
-
(2,000,000)
At 31 December 2014
-
-
-
Depreciation
At 1 January 2014
820,000
95,328
-
915,328
On disposals
(95,328)
-
(95,328)
Written off against reserves
(820,000)
-
-
(820,000)
At 31 December 2014
-
-
-
Net book value
At 31 December 2014
-
-
At 31 December 2013
1,180,000
13,227
617,150
1,810,377
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
4
Ultimate parent company
The entire share capital of the company is owned by Xephyr Limited, a company registered in England and Wales. Xephyr Limited is the immediate holding company. The ultimate holding company is Milstead Worldwide Limited (BVI), a company registered in the British Virgin Islands.