Abbreviated Company Accounts - LIBRA CONNECT LIMITED

LIBRA CONNECT LIMITED - Company Information

Registered Number 07203989

LIBRA CONNECT LIMITED

Abbreviated Accounts

31 March 2015

LIBRA CONNECT LIMITED Registered Number 07203989

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,102	4,348
		4,102	4,348
Current assets
Stocks		2,555	2,871
Debtors		90,353	22,506
Cash at bank and in hand		24,564	5,457
		117,472	30,834
Creditors: amounts falling due within one year		(64,493)	(14,510)
Net current assets (liabilities)		52,979	16,324
Total assets less current liabilities		57,081	20,672
Creditors: amounts falling due after more than one year		(16,000)	-
Total net assets (liabilities)		41,081	20,672
Capital and reserves
Called up share capital		10,000	100
Profit and loss account		31,081	20,572
Shareholders' funds		41,081	20,672

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 28 September 2015

And signed on their behalf by:
Peter French, Director

LIBRA CONNECT LIMITED Registered Number 07203989

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

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

Equipments 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	6,365
Additions	779
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	7,144
Depreciation
At 1 April 2014	2,017
Charge for the year	1,025
On disposals	-
At 31 March 2015	3,042
Net book values
At 31 March 2015	4,102
At 31 March 2014	4,348