Abbreviated Company Accounts - EXACT CHANGE LIMITED

Abbreviated Company Accounts - EXACT CHANGE LIMITED

EXACT CHANGE LIMITED - Company Information

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Registered Number 03411751

EXACT CHANGE LIMITED

Abbreviated Accounts

31 July 2014

EXACT CHANGE LIMITED Registered Number 03411751

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 145 193
145 193
Current assets
Debtors 18,000 5,500
Cash at bank and in hand 19,271 24,448
37,271 29,948
Creditors: amounts falling due within one year (28,339) (29,748)
Net current assets (liabilities) 8,932 200
Total assets less current liabilities 9,077 393
Total net assets (liabilities) 9,077 393
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,977 293
Shareholders' funds 9,077 393
  • For the year ending 31 July 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 27 January 2015

And signed on their behalf by:
I Lugard, Director

EXACT CHANGE LIMITED Registered Number 03411751

Notes to the Abbreviated Accounts for the period ended 31 July 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.

2Tangible fixed assets
£
Cost
At 1 August 2013 8,737
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 8,737
Depreciation
At 1 August 2013 8,544
Charge for the year 48
On disposals -
At 31 July 2014 8,592
Net book values
At 31 July 2014 145
At 31 July 2013 193

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc. - 25% on reducing balance.