Abbreviated Company Accounts - TRANSFORMATION INITIATIVES

TRANSFORMATION INITIATIVES - Company Information

Registered Number 07052899

TRANSFORMATION INITIATIVES

Abbreviated Accounts

31 October 2014

TRANSFORMATION INITIATIVES Registered Number 07052899

Abbreviated Balance Sheet as at 31 October 2014

	2014	2013
	£	£
Current assets
Cash at bank and in hand	973	1,161
	973	1,161
Net current assets (liabilities)	973	1,161
Total assets less current liabilities	973	1,161
Total net assets (liabilities)	973	1,161
Reserves
Other reserves	1,161	1,370
Income and expenditure account	(188)	(209)
Members' funds	973	1,161

For the year ending 31 October 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 30 May 2015

And signed on their behalf by:
Bankole AKINLADE, Director

TRANSFORMATION INITIATIVES Registered Number 07052899

Notes to the Abbreviated Accounts for the period ended 31 October 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
2 Turnover, Income and Profits(Surplus)

Turnover represents amounts received in respect of the reciepts of a grant.

........None for the 2013/14 Financial year.

Our assets, income and profits are required to be used only for the benefit of the community subject to an 'asset lock' which ensures that the assets are retained within the company.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.
If upon the winding-up or dissolution of the Company, there remains, after the satisfaction of all its debts and liabilities, any property whatsoever, the same is not paid to or distributed among the members of the Company, but is given or transferred to the Charity.