Abbreviated Company Accounts - ZERO GRAVITY KNOW NO LIMITS LIMITED

ZERO GRAVITY KNOW NO LIMITS LIMITED - Company Information

06774413 ZERO GRAVITY KNOW NO LIMITS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 06774413 2014-01-01 2014-12-31 06774413 2014-12-31 06774413 2013-12-31 06774413 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 06774413 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 06774413

ZERO GRAVITY KNOW NO LIMITS LIMITED

Abbreviated Accounts

31 December 2014

ZERO GRAVITY KNOW NO LIMITS LIMITED Registered Number 06774413

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	66,572	66,389
		66,572	66,389
Current assets
Debtors		4,769	-
Cash at bank and in hand		9,552	8,501
		14,321	8,501
Creditors: amounts falling due within one year		(47,091)	(56,725)
Net current assets (liabilities)		(32,770)	(48,224)
Total assets less current liabilities		33,802	18,165
Creditors: amounts falling due after more than one year		(7,353)	(7,353)
Total net assets (liabilities)		26,449	10,812
Capital and reserves
Called up share capital	3	1,000	1,000
Share premium account		19,850	19,850
Profit and loss account		5,599	(10,038)
Shareholders' funds		26,449	10,812

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 30 September 2015

And signed on their behalf by:
Ms Maureen Gregory, Director

ZERO GRAVITY KNOW NO LIMITS LIMITED Registered Number 06774413

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 represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follow:
Land and buildings Leasehold
Plant and machinery 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 January 2014	94,403
Additions	1,675
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	96,078
Depreciation
At 1 January 2014	28,014
Charge for the year	1,492
On disposals	-
At 31 December 2014	29,506
Net book values
At 31 December 2014	66,572
At 31 December 2013	66,389

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000