Abbreviated Company Accounts - LIMBO ARTS LIMITED

Abbreviated Company Accounts - LIMBO ARTS LIMITED

LIMBO ARTS LIMITED - Company Information

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Registered Number 04767417

LIMBO ARTS LIMITED

Abbreviated Accounts

31 March 2015

LIMBO ARTS LIMITED Registered Number 04767417

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 1,300 1,173
1,300 1,173
Current assets
Debtors 155 148
Cash at bank and in hand 7,525 3,854
7,680 4,002
Creditors: amounts falling due within one year (8,080) (2,937)
Net current assets (liabilities) (400) 1,065
Total assets less current liabilities 900 2,238
Total net assets (liabilities) 900 2,238
Reserves
Income and expenditure account 900 2,238
Members' funds 900 2,238
  • 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 11 November 2015

And signed on their behalf by:
Lisa Hawkins, Director

LIMBO ARTS LIMITED Registered Number 04767417

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 the total invoice value, excluding value added tax, of sales made throughout the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over it's expected useful life, as follows:
Plant and Machinery - 15%

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 April 2014 3,269
Additions 357
Disposals -
Revaluations -
Transfers -
At 31 March 2015 3,626
Depreciation
At 1 April 2014 2,096
Charge for the year 230
On disposals -
At 31 March 2015 2,326
Net book values
At 31 March 2015 1,300
At 31 March 2014 1,173