Abbreviated Company Accounts - EARTH AND SKY LIMITED

EARTH AND SKY LIMITED - Company Information

Registered Number 03571933

EARTH AND SKY LIMITED

Abbreviated Accounts

31 May 2014

EARTH AND SKY LIMITED Registered Number 03571933

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	11,000	11,000
Tangible assets	3	205,028	205,406
		216,028	216,406
Current assets
Stocks		392	703
Cash at bank and in hand		170	881
		562	1,584
Creditors: amounts falling due within one year		(155,375)	(140,394)
Net current assets (liabilities)		(154,813)	(138,810)
Total assets less current liabilities		61,215	77,596
Creditors: amounts falling due after more than one year		(83,466)	(85,791)
Total net assets (liabilities)		(22,251)	(8,195)
Capital and reserves
Called up share capital		200	200
Profit and loss account		(22,451)	(8,395)
Shareholders' funds		(22,251)	(8,195)

For the year ending 31 May 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 February 2015

And signed on their behalf by:
Dr S V Batty, Director
Mrs C Good, Director

EARTH AND SKY LIMITED Registered Number 03571933

Notes to the Abbreviated Accounts for the period ended 31 May 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 comprises the net rentals received by the company

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and Fittings - 15% reducing balance basis
Motor Vehicles - 25% reducing balance basis

2Intangible fixed assets

	£
Cost
At 1 June 2013	11,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	11,000
Amortisation
At 1 June 2013	-
Charge for the year	-
On disposals	-
At 31 May 2014	-
Net book values
At 31 May 2014	11,000
At 31 May 2013	11,000

3Tangible fixed assets

	£
Cost
At 1 June 2013	218,777
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	218,777
Depreciation
At 1 June 2013	13,371
Charge for the year	378
On disposals	-
At 31 May 2014	13,749
Net book values
At 31 May 2014	205,028
At 31 May 2013	205,406