Accounting by Design (UK) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05042588

Abbreviated Accounts for the Year Ended 28 February 2015

for

Accounting by Design (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Naylor

Miss C R Naylor

SECRETARY:

Miss C R Naylor

REGISTERED OFFICE:

302 Cirencester Business Park

Love Lane

Cirencester

Gloucestershire

GL7 1XD

REGISTERED NUMBER:

05042588

FIXED ASSETS

Tangible assets

2

1,693

1,910

CURRENT ASSETS

Debtors

98,602

93,723

Prepayments and accrued income

3,724

1,986

Cash at bank

2,580

16,182

104,906

111,891

CREDITORS

Amounts falling due within one year

56,450

58,492

NET CURRENT ASSETS

48,456

53,399

TOTAL ASSETS LESS CURRENT LIABILITIES

50,149

55,309

PROVISIONS FOR LIABILITIES

307

245

NET ASSETS

49,842

55,064

CAPITAL AND RESERVES

Called up share capital

3

225

225

Profit and loss account

49,617

54,839

SHAREHOLDERS' FUNDS

49,842

55,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 November 2015 and were signed on its behalf by:

Miss C R Naylor - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

8,713

Additions

1,379

At 28 February 2015

10,092

DEPRECIATION

At 1 March 2014

6,803

Charge for year

1,596

At 28 February 2015

8,399

NET BOOK VALUE

At 28 February 2015

1,693

At 28 February 2014

1,910

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

45

Ordinary A

£1

45

45

90

Ordinary B

£1

90

90

90

Ordinary C

£1

90

90

225

225