Like Training Limited - Period Ending 2014-12-31

Registration number: 02673985

Like Training Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

ACT
Chartered Accountants
Tithe House
15 Dukes Ride
Crowthorne
Berkshire
RG45 6LZ

Like Training Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Like Training Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Like Training Limited for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Like Training Limited, as a body, in accordance with the terms of our engagement letterdated 31 March 2010. Our work has been undertaken solely to prepare for your approval the accounts of Like Training Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Like Training Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Like Training Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Like Training Limited. You consider that Like Training Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Like Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

ACT
Chartered Accountants
Tithe House
15 Dukes Ride
Crowthorne
Berkshire
RG45 6LZ

1 September 2015

Page 1

Like Training Limited
(Registration number: 02673985)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					138,927			138,927
Current assets
Debtors					53,084			25,188
Cash at bank and in hand					79,425			132,457
					132,509			157,645
Creditors: Amounts falling due within one year					(900)			(1,971)
Net current assets					131,609			155,674
Net assets					270,536			294,601
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					270,436			294,501
Shareholders' funds					270,536			294,601

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 director acknowledges her 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 director on 1 September 2015

.........................................
Mrs Sara Charlesworth
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Like Training Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of rents received in the period, and of sales to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: The residual value of the property has been assessed by the director at at least the carrying value, therefore the amount of depreciation charged is nil. The director will continue to assess the residual value of all assets annually.

Asset class	Depreciation method and rate
Office equipment	33% straight line basis
Fixtures and fittings	20% straight line basis
Property	5% straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Like Training Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		170,404			170,404
At 31 December 2014		170,404			170,404
Depreciation
At 1 January 2014		31,477			31,477
At 31 December 2014		31,477			31,477
Net book value
At 31 December 2014		138,927			138,927
At 31 December 2013		138,927			138,927

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mrs Sara Charlesworth
Loan to Mrs S Charlesworth, no interest chargeable	43,000	26,500	43,000	26,500
Mrs Sara Charlesworth
Loan to director - no interest chargeable - repaid April 2015	35,000	-	-	-

Page 4