THE THIRD DOOR (WORKSPACE) LIMITED - Period Ending 2014-08-31

Registration number: 05536440

THE THIRD DOOR (WORKSPACE) LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

Alexander Rosse Limited
140 Milton Keynes Business Centre
Foxhunter Drive
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD

THE THIRD DOOR (WORKSPACE) LIMITED
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

THE THIRD DOOR (WORKSPACE) LIMITED
(Registration number: 05536440)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					160			187
Tangible fixed assets					15,936			30,439
					16,096			30,626
Current assets
Debtors					63,791			64,562
Cash at bank and in hand					17,344			8,762
					81,135			73,324
Creditors: Amounts falling due within one year					(50,523)			(45,911)
Net current assets					30,612			27,413
Total assets less current liabilities					46,708			58,039
Creditors: Amounts falling due after more than one year					(220,141)			(257,226)
Provisions for liabilities					-			(3,552)
Net liabilities					(173,433)			(202,739)
Capital and reserves
Called up share capital		4			81			81
Share premium account					56,985			56,985
Profit and loss account					(230,499)			(259,805)
Shareholders' deficit					(173,433)			(202,739)

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

THE THIRD DOOR (WORKSPACE) LIMITED
(Registration number: 05536440)
Abbreviated Balance Sheet at 31 August 2014
......... continued

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 26 May 2015 and signed on its behalf by:

.........................................
S Mustafa
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

THE THIRD DOOR (WORKSPACE) LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued support of the directors. At the balance sheet date the company owed the directors £201,216 (2013 £233,622).

Turnover

The turnover shown in the profit and loss account represents services provided during the year, exclusive of value added tax and trade discounts.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimate residual value, over the useful economic life of that asset as follows:

Asset class	Amortisation method and rate
Patents & Licences	over 10 years

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the usefule economic life of that asset as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% or 33% per annum straight line

Deferred tax

Deferred tax is recognised in repect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occured at that date that will result in an obligation to pay more, or right to pay less or receive more, tax, with the following exception: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.




 
 
 
 
 

Page 3

THE THIRD DOOR (WORKSPACE) LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 
 

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 September 2013		270			99,235			99,505
Additions		-			4,842			4,842
Disposals		-			(2,328)			(2,328)
At 31 August 2014		270			101,749			102,019
Depreciation
At 1 September 2013		83			68,796			68,879
Charge for the year		27			17,407			17,434
Eliminated on disposals		-			(390)			(390)
At 31 August 2014		110			85,813			85,923
Net book value
At 31 August 2014		160			15,936			16,096
At 31 August 2013		187			30,439			30,626

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

Page 4

THE THIRD DOOR (WORKSPACE) LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

		2014 £			2013 £
Amounts falling due within one year		2,600			-
Amounts falling due after more than one year		18,925			-
Total secured creditors		21,525			-

4	Share capital

Allotted, called up and fully paid shares
				31.08.2014		31.08.2013
			No.	£	No.	£
Ordinary shares of	£0.001	each	80,754	81	80,754	81
			80,754	81	80,754	81

Page 5