Mortgage Select (SW) Limited

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Intangible assets	2		14,000		21,000
Tangible assets	3		21,556		22,109

			35,556		43,109
CURRENT ASSETS
Debtors		77,305		63,984
Cash at bank and in hand		26,043		22,319

		103,348		86,303
Creditors: Amounts Falling Due Within One Year		(58,559)		(49,614)

NET CURRENT ASSETS (LIABILITIES)			44,789		36,689

TOTAL ASSETS LESS CURRENT LIABILITIES			80,345		79,798

Creditors: Amounts Falling After More Than One Year	4		(6,907)		(9,707)

NET ASSETS			73,438		70,091

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss account			73,338		69,991

SHAREHOLDERS' FUNDS			73,438		70,091

For the year ending 5 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Gareth Markham

10/04/2014

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the value of services supplied by the company.

Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15% reducing balance

Intangible Assets


	Total
Cost	£
As at 6 April 2013	70,000

As at 5 April 2014	70,000

Amortisation
As at 6 April 2013	49,000
Provided during the period	7,000

As at 5 April 2014	56,000

Net Book Value
As at 5 April 2014	14,000

As at 6 April 2013	21,000

Page 3

Mortgage Select (SW) Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 5 April 2014

Tangible Assets


	Total
Cost	£
As at 6 April 2013	50,453
Additions	3,251

As at 5 April 2014	53,704

Depreciation
As at 6 April 2013	28,344
Provided during the period	3,804

As at 5 April 2014	32,148

Net Book Value
As at 5 April 2014	21,556

As at 6 April 2013	22,109

Creditors: Amounts Falling After More Than One Year

	2014	2013
	£	£
Directors loan account	6,907	9,707

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	100	100	100

Ultimate Controlling Party

The company's ultimate controlling party is Mr G Markham, a director, by virtue of his ownership of 100% of the issued share capital in the company.