Thought Into Action Limited - Abbreviated accounts

Registered number

04760015

Thought Into Action Limited

Abbreviated Accounts

For the year ended 31 May 2014

Thought Into Action Limited
Registered number:		04760015
Abbreviated Balance Sheet
as at 31 May 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		457			237

Current assets
Stocks		263			-
Debtors		166			-
Cash at bank and in hand		551			733
		980			733

Creditors: amounts falling due within one year		(12,505)			(12,845)

Net current liabilities			(11,525)			(12,112)

Net liabilities			(11,068)			(11,875)

Capital and reserves
Called up share capital	3		201			201
Profit and loss account			(11,269)			(12,076)

Shareholder's funds			(11,068)			(11,875)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



K N Hands
Director
Approved by the board on 11 September 2014

Thought Into Action Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures and fittings			15% reducing balance
	Office equipment			20% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	At 1 June 2013					304
	Additions					317
	At 31 May 2014					621

	Depreciation
	At 1 June 2013					67
	Charge for the year					97
	At 31 May 2014					164

	Net book value
	At 31 May 2014					457
	At 31 May 2013					237


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		201		201		201