| Thought Into Action Limited |
| Registered number: |
04760015 |
| Abbreviated Balance Sheet |
| as at 31 May 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
372 |
|
|
457 |
|
| Current assets |
| Stocks |
|
|
196 |
|
|
263 |
| Debtors |
|
|
- |
|
|
166 |
| Cash at bank and in hand |
|
|
377 |
|
|
551 |
|
|
|
573 |
|
|
980 |
|
| Creditors: amounts falling due within one year |
|
|
(11,093) |
|
|
(12,505) |
|
| Net current liabilities |
|
|
|
(10,520) |
|
|
(11,525) |
|
| Net liabilities |
|
|
|
(10,148) |
|
|
(11,068) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
201 |
|
|
201 |
| Profit and loss account |
|
|
|
(10,349) |
|
|
(11,269) |
|
| Shareholder's funds |
|
|
|
(10,148) |
|
|
(11,068) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| K N Hands |
| Director |
| Approved by the board on 10 July 2015 |
|
| Thought Into Action Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2015 |
|
| 1 |
Accounting policies |
|
|
Going concern |
|
There was a net deficiency of assets of £10,148 (2014 - £11,068) at the balance sheet date, however the director has confirmed continued support and will consider the company retains sufficient working capital to continue trading for the foreseeable future. |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures and fittings |
15% reducing balance |
|
Office equipment |
20% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2014 |
621 |
|
At 31 May 2015 |
621 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2014 |
164 |
|
Charge for the year |
85 |
|
At 31 May 2015 |
249 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2015 |
372 |
|
At 31 May 2014 |
457 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
201 |
|
201 |
|
201 |
|
|
|
|
|
|
|
|
|
