Abbreviated Company Accounts - SHIFT IMAGES LIMITED

07901344 SHIFT IMAGES LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 07901344 2014-01-01 2014-12-31 07901344 2014-12-31 07901344 2013-12-31 07901344 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07901344 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 07901344

SHIFT IMAGES LIMITED

Abbreviated Accounts

31 December 2014

SHIFT IMAGES LIMITED Registered Number 07901344

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	2	-	3,123
Investments		-	-
		-	3,123
Current assets
Stocks		-	-
Debtors		82,641	71,295
Investments		-	-
Cash at bank and in hand		64	28,372
		82,705	99,667
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		0	(18,525)
Net current assets (liabilities)		82,705	81,142
Total assets less current liabilities		82,705	84,265
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		82,705	84,265
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		82,605	84,165
Shareholders' funds		82,705	84,265

For the year ending 31 December 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 4 September 2015

And signed on their behalf by:
SA Wear, Director

SHIFT IMAGES LIMITED Registered Number 07901344

Notes to the Abbreviated Accounts for the period ended 31 December 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
Turnover comprises the amounts billed to clients, excluding Value Added Tax and net of trade discounts, for services provided in the normal course of business. Fees and other charges are recognised as income when the services are delivered and they are billed in accordance with the agreements with the client.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Production Equipment - 3 years straight line
Computer Hardware and Software - 3 years straight line

Other accounting policies
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2014	7,283
Additions	-
Disposals	(7,283)
Revaluations	-
Transfers	-
At 31 December 2014	0
Depreciation
At 1 January 2014	4,160
Charge for the year	1,011
On disposals	(5,171)
At 31 December 2014	0
Net book values
At 31 December 2014	0
At 31 December 2013	3,123

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100