Accounts filed on 31-05-2014

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			Company registration number:06761622
			ONELIFE TRAINING UK LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 May 2014

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ONELIFE TRAINING UK LTD
BALANCE SHEET
AS AT 31 May 2014
			2014				2013
		Notes	£		£		£		£
FIXED ASSETS
Intangible assets		2			7,500				8,000
Tangible assets		3			1,380				775
					8,880				8,775
CURRENT ASSETS
Debtors			6,611				1,637
Cash at bank and in hand			244				556
			6,855				2,193
CREDITORS
Amounts falling due within one year			(16,652)				(14,948)
NET CURRENT ASSETS					(9,797)				(12,755)
TOTAL ASSETS LESS
CURRENT LIABILITIES					(917)				(3,980)
NET ASSETS					(917)				(3,980)
CAPITAL AND RESERVES
Called-up equity share capital		4			100				100
Profit and loss account					(1,017)				(4,080)
SHAREHOLDERS FUNDS					(917)				(3,980)
For the year ending 31 May 2014 the company was entitled to exemption unde 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 18 February 2015 and signed on its behalf.
..........................................................................
Mrs C A Johnson
18 February 2015

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ONELIFE TRAINING UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

1.

Accounting policies

Basis of preparing the financial statements

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

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life.

Fixed assets

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 thei expected useful lives on the following bases:

Plant and Machinery - 25% reducing balance basis

Fixtures and Fittings - 25% reducing balance basis

Stocks and work In progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Intangible fixed assets
				Total
	Cost
	At start of period			10,000
	At end of period			10,000
	Amortisation
	At start of period			2,000
	Provided during the period			500
	At end of period			2,500
	Net Book Values
	At start of period			8,000
	At end of period			7,500

3.	Tangible fixed assets
				Total
	Cost
	At start of period			2,852
	Additions			1,065
	At end of period			3,917
	Depreciation
	At start of period			2,077
	Provided during the period			460
	At end of period			2,537
	Net Book Value
	At start of period			775
	At end of period			1,380

4.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
5.	Ultimate controlling party
	The company is controlled by Mrs C A Johnson by virtue of her 100% shareholding.