Abbreviated Company Accounts - BLUE SHARK TECHNOLOGY LTD

BLUE SHARK TECHNOLOGY LTD - Company Information

Registered Number NI073298

BLUE SHARK TECHNOLOGY LTD

Abbreviated Accounts

30 June 2014

BLUE SHARK TECHNOLOGY LTD Registered Number NI073298

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,683	2,799
Investments	3	20,009	20,009
		22,692	22,808
Current assets
Stocks		4,000	4,000
Cash at bank and in hand		33,876	18,986
		37,876	22,986
Creditors: amounts falling due within one year		(38,398)	(45,864)
Net current assets (liabilities)		(522)	(22,878)
Total assets less current liabilities		22,170	(70)
Total net assets (liabilities)		22,170	(70)
Capital and reserves
Called up share capital		1	1
Profit and loss account		22,169	(71)
Shareholders' funds		22,170	(70)

For the year ending 30 June 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 March 2015

And signed on their behalf by:
Ryan Gerard Keeling, Director

BLUE SHARK TECHNOLOGY LTD Registered Number NI073298

Notes to the Abbreviated Accounts for the period ended 30 June 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 represents amounts receivable for goods and services net of trade discounts.

Tangible assets depreciation policy
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:

Computer equipment - 25% per annum
Fixtures, fittings and equipment - 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 July 2013	7,815
Additions	1,220
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	9,035
Depreciation
At 1 July 2013	5,016
Charge for the year	1,336
On disposals	-
At 30 June 2014	6,352
Net book values
At 30 June 2014	2,683
At 30 June 2013	2,799

3Fixed assets Investments
Investments are stated at cost less provision for diminution in value.