Asset Plus Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03085755 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

ASSET PLUS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P J Francis

SECRETARY:

Mr P J Francis

REGISTERED OFFICE:

9 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD77AR

REGISTERED NUMBER:

03085755 (England and Wales)

ACCOUNTANTS:

Daniel Wolfson & Co Ltd

Chartered Accountants

9 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

FIXED ASSETS

Tangible assets

2

1,190

969

CURRENT ASSETS

Debtors

6,104

4,950

Cash at bank and in hand

74,970

48,269

81,074

53,219

CREDITORS

Amounts falling due within one year

31,110

26,479

NET CURRENT ASSETS

49,964

26,740

TOTAL ASSETS LESS CURRENT LIABILITIES

51,154

27,709

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

51,153

27,708

SHAREHOLDERS' FUNDS

51,154

27,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 May 2015 and were signed by:

Mr P J Francis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

13,901

Additions

624

At 31 August 2014

14,525

DEPRECIATION

At 1 September 2013

12,932

Charge for year

403

At 31 August 2014

13,335

NET BOOK VALUE

At 31 August 2014

1,190

At 31 August 2013

969

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

5

Ordinary

1

1

1