You Teach Me Limited - Period Ending 2015-03-31

Registration number: 08558429

You Teach Me Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

You Teach Me Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

You Teach Me Limited
(Registration number: 08558429)
Abbreviated Balance Sheet at 31 March 2015

		Note			31 March 2015 £			31 March 2014 £
Fixed assets
Tangible fixed assets		2			24,648			2,378
Current assets
Debtors					3,804			5,319
Cash at bank and in hand					-			6,521
					3,804			11,840
Creditors: Amounts falling due within one year					(7,650)			(14,831)
Net current liabilities					(3,846)			(2,991)
Total assets less current liabilities					20,802			(613)
Creditors: Amounts falling due after more than one year					(55,439)			(19,866)
Net liabilities					(34,637)			(20,479)
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					(35,637)			(21,479)
Shareholders' deficit					(34,637)			(20,479)

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 17 August 2015 and signed on its behalf by:

.........................................
P D Rose
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

You Teach Me Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the directors.

If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	33% reducing balance
Website	5 years straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		3,056			3,056
Additions		28,615			28,615
At 31 March 2015		31,671			31,671
Depreciation
At 1 April 2014		678			678
Charge for the year		6,345			6,345
At 31 March 2015		7,023			7,023
Net book value
At 31 March 2015		24,648			24,648
At 31 March 2014		2,378			2,378

Page 2

You Teach Me Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 March 2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

4	Related party transactions

Directors' advances and credits

	Year ended 31 March 2015 £		1 June 2013 to 31 March 2014 £
P D Rose
Amount due to the director as at the year end	19,314		19,000

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