A_DESIGN_ON_LIFE_LTD - Accounts

A DESIGN ON LIFE LTD - Company Information

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Company Registration No. 07190717 (England and Wales)

A DESIGN ON LIFE LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

A DESIGN ON LIFE LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

A DESIGN ON LIFE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

178

Current assets

Stocks

2,700

2,450

Debtors

1,393

7,000

4,093

9,450

Creditors: amounts falling due within one year

(9,482)

(8,462)

Net current (liabilities)/assets

(5,389)

988

Total assets less current liabilities

(5,386)

1,166

Provisions for liabilities

(35)

(5,386)

1,131

Capital and reserves

Called up share capital

Profit and loss account

(5,396)

1,121

Shareholders' funds

(5,386)

1,131

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 December 2015

L Pipe

Director

Company Registration No. 07190717

A DESIGN ON LIFE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts are prepared on the going concern basis despite the company's insolvency due to the continued support from the company's director. There are no indications that this support will be withdrawn in the forseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

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 follows:

Plant and machinery

33 1/3% Straight line

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

528

Depreciation

At 1 April 2014

350

Charge for the year

175

At 31 March 2015

525

Net book value

At 31 March 2015

At 31 March 2014

178

Share capital

2015

2014

Allotted, called up and fully paid

10 Ordinary shares of £1 each