Abbreviated Company Accounts - APPLECARTLIVE LTD

Registered Number 07807225

APPLECARTLIVE LTD

Abbreviated Accounts

31 August 2014

APPLECARTLIVE LTD Registered Number 07807225

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	14,937	15,154
Investments	4	100	100
		15,037	15,254
Current assets
Debtors		91	98
Cash at bank and in hand		44,172	36,337
		44,263	36,435
Prepayments and accrued income		3,453	1,750
Creditors: amounts falling due within one year		(3,547)	(1,851)
Net current assets (liabilities)		44,169	36,334
Total assets less current liabilities		59,206	51,588
Provisions for liabilities		(7,940)	(1,969)
Accruals and deferred income		(13,124)	(5,762)
Total net assets (liabilities)		38,142	43,857
Reserves
Income and expenditure account		38,142	43,857
Members' funds		38,142	43,857

For the year ending 31 August 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 29 May 2015

And signed on their behalf by:
Paul Regan, Director
Ronald Smith, Director

APPLECARTLIVE LTD Registered Number 07807225

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005, applicable accounting standards and the Companies Act 2006.

1.2 Company status
The Charity is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

1.3 Fund accounting
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

1.4 Incoming resources
All incoming resources are included in the Statement of financial activities when the Charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.

1.5 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

1.6 Tangible fixed assets and depreciation
All assets costing more than £400 are capitalised.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office equipment - straight line basis over 4 years
Computer equipment - straight line basis over 4 years

1.7 Investments
Investments are stated at market value at the balance sheet date. The Statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 September 2013	20,205
Additions	6,446
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	26,651
Depreciation
At 1 September 2013	5,051
Charge for the year	6,663
On disposals	-
At 31 August 2014	11,714
Net book values
At 31 August 2014	14,937
At 31 August 2013	15,154

4Fixed assets Investments
On 25 July 2013 the Charity incorporated a new fully owned subsidiary company, The Old School Room Limited, (company number 08624767 registered in England and Wales). The company was dormant in the year.
Shares in group undertakings
At 1 September 2013 and 31 August 2014
£ 100