Timezones Curriculum Support Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04514398 (England and Wales)

TIMEZONES CURRICULUM SUPPORT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30TH NOVEMBER 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

200

267

CURRENT ASSETS

Debtors

700

550

Cash at bank and in hand

374

411

1,074

961

CREDITORS

Amounts falling due within one year

6,206

9,841

NET CURRENT LIABILITIES

(5,132

)

(8,880

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,932

)

(8,613

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(5,032

)

(8,713

)

SHAREHOLDERS' FUNDS

(4,932

)

(8,613

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28th August 2015 and were signed on its behalf by:

Mrs J Thorn - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced services, except in respect of service contracts where turnover is recognised

when the company obtains the right to consideration. The company is not registered for value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2013

and 30th November 2014

3,384

DEPRECIATION

At 1st December 2013

3,117

Charge for year

67

At 30th November 2014

3,184

NET BOOK VALUE

At 30th November 2014

200

At 30th November 2013

267

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

A Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Creditors: Amounts falling due within one year, Note 6, is £5,216 (£2,608 each) owed to the

directors at the year end (2013 - £8,841, £4,421 each). The account was not overdrawn in favour of the company

at any time during the current or previous year.

Rent charged in the profit and loss account of £1,500 (2013 - £1,300) relates to office accommodation let to the

company by the directors in respect of property owned by them.

5.	RELATED PARTY DISCLOSURES

Throughout the current and previous year the company was under the control of its directors, Mr A S M and Mrs

J Thorn, who equally own the issued share capital of the company.