Abbreviated Company Accounts - CLIFTON EMAG LIMITED

Abbreviated Company Accounts - CLIFTON EMAG LIMITED

CLIFTON EMAG LIMITED - Company Information

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Registered Number 07569772

CLIFTON EMAG LIMITED

Abbreviated Accounts

31 March 2015

CLIFTON EMAG LIMITED Registered Number 07569772

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 712 949
712 949
Current assets
Debtors 21,547 24,306
Cash at bank and in hand 221,330 190,891
242,877 215,197
Creditors: amounts falling due within one year (243,589) (216,146)
Net current assets (liabilities) (712) (949)
Total assets less current liabilities 0 0
Total net assets (liabilities) 0 0
  • For the year ending 31 March 2015 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 12 June 2015

And signed on their behalf by:
B Gow, Director

CLIFTON EMAG LIMITED Registered Number 07569772

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 25% straight line

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

3Tangible fixed assets
£
Cost
At 1 April 2014 1,266
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 1,266
Depreciation
At 1 April 2014 317
Charge for the year 237
On disposals -
At 31 March 2015 554
Net book values
At 31 March 2015 712
At 31 March 2014 949

Ultimate parent company
The company is a wholly owned subsidiary of Clifton Learning Partnership a registered company in England and Wales.