Abbreviated Company Accounts - THRIVE FOR BUSINESS LIMITED

Abbreviated Company Accounts - THRIVE FOR BUSINESS LIMITED

THRIVE FOR BUSINESS LIMITED - Company Information

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Registered Number SC279301

THRIVE FOR BUSINESS LIMITED

Abbreviated Accounts

31 March 2015

THRIVE FOR BUSINESS LIMITED Registered Number SC279301

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 209,651 195,621
209,651 195,621
Current assets
Debtors 12,717 15,184
Cash at bank and in hand 14,087 14,173
26,804 29,357
Creditors: amounts falling due within one year (245,629) (232,558)
Net current assets (liabilities) (218,825) (203,201)
Total assets less current liabilities (9,174) (7,580)
Total net assets (liabilities) (9,174) (7,580)
Capital and reserves
Called up share capital 360 360
Profit and loss account (9,534) (7,940)
Shareholders' funds (9,174) (7,580)
  • 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 31 December 2015

And signed on their behalf by:
Amanda Kremer, Director

THRIVE FOR BUSINESS LIMITED Registered Number SC279301

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 amounts invoiced during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the seller obtains the right to consideration in exchange for its performance, usually on dispatch of the goods.

Tangible assets depreciation policy
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

2Tangible fixed assets
£
Cost
At 1 April 2014 213,406
Additions 18,022
Disposals (4,495)
Revaluations -
Transfers -
At 31 March 2015 226,933
Depreciation
At 1 April 2014 17,785
Charge for the year 2,869
On disposals (3,372)
At 31 March 2015 17,282
Net book values
At 31 March 2015 209,651
At 31 March 2014 195,621