Albumen Project Limited - Abbreviated accounts

Albumen Project Limited - Abbreviated accounts


Registered number
08548949
Albumen Project Limited
Abbreviated Accounts
31 May 2014
Albumen Project Limited
Registered number: 08548949
Abbreviated Balance Sheet
as at 31 May 2014
Notes 2014
£
Current assets
Debtors 1,649
Creditors: amounts falling due within one year (1,577)
Net current assets 72
Net assets 72
Capital and reserves
Called up share capital 2 1
Profit and loss account 71
Shareholder's funds 72
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Stephan Schmid
Director
Approved by the board on 26 August 2014
Albumen Project Limited
Notes to the Abbreviated Accounts
for the period ended 31 May 2014
1 Accounting policies
Basis of preparation
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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
2 Share capital Nominal 2014 2014
value Number £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each 1 1
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