Abbreviated Company Accounts - CLEVERSQUIRREL LTD

CLEVERSQUIRREL LTD - Company Information

06732967 CLEVERSQUIRREL LTD 2014-10-31 false 2013-11-01 2014-10-31 true 06732967 2013-11-01 2014-10-31 06732967 2014-10-31 06732967 2013-10-31 06732967 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 06732967 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-10-31 iso4217:GBP shares

Registered Number 06732967

CLEVERSQUIRREL LTD

Abbreviated Accounts

31 October 2014

CLEVERSQUIRREL LTD Registered Number 06732967

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,591	1,989
		1,591	1,989
Current assets
Debtors		6,106	5,940
Cash at bank and in hand		181	345
		6,287	6,285
Creditors: amounts falling due within one year		(7,321)	(7,753)
Net current assets (liabilities)		(1,034)	(1,468)
Total assets less current liabilities		557	521
Provisions for liabilities		(318)	(398)
Total net assets (liabilities)		239	123
Capital and reserves
Called up share capital	3	20	20
Profit and loss account		219	103
Shareholders' funds		239	123

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 28 July 2015

And signed on their behalf by:
B R Bennis, Director

CLEVERSQUIRREL LTD Registered Number 06732967

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Plant & Machinery - 20% reducing balance
Fixtures & Fittings - 20% reducing balance

Other accounting policies
All fixed assets are initially recorded at cost.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
No material uncertainties, that may cast significant doubt about the ability of the company to continue as a going concern, have been identified by the directors.

2Tangible fixed assets

	£
Cost
At 1 November 2013	4,558
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	4,558
Depreciation
At 1 November 2013	2,569
Charge for the year	398
On disposals	-
At 31 October 2014	2,967
Net book values
At 31 October 2014	1,591
At 31 October 2013	1,989

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10 B Ordinary shares of £1 each	10	10
10 Ordinary shares of £1 each	10	10