Abbreviated Company Accounts - KEEP ON THINKING LTD

KEEP ON THINKING LTD - Company Information

08654786 KEEP ON THINKING LTD 2015-08-31 false 2014-09-01 2015-08-31 true 08654786 2014-09-01 2015-08-31 08654786 2015-08-31 08654786 2014-08-31 08654786 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 08654786 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 08654786

KEEP ON THINKING LTD

Abbreviated Accounts

31 August 2015

KEEP ON THINKING LTD Registered Number 08654786

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	38,016	2,711
		38,016	2,711
Current assets
Debtors		16,330	14,650
Cash at bank and in hand		52,835	77,992
		69,165	92,642
Creditors: amounts falling due within one year		(24,701)	(37,367)
Net current assets (liabilities)		44,464	55,275
Total assets less current liabilities		82,480	57,986
Total net assets (liabilities)		82,480	57,986
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		82,478	57,984
Shareholders' funds		82,480	57,986

For the year ending 31 August 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 24 January 2016

And signed on their behalf by:
N Rayani, Director

KEEP ON THINKING LTD Registered Number 08654786

Notes to the Abbreviated Accounts for the period ended 31 August 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Fixtures & fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 September 2014	3,072
Additions	40,309
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	43,381
Depreciation
At 1 September 2014	361
Charge for the year	5,004
On disposals	-
At 31 August 2015	5,365
Net book values
At 31 August 2015	38,016
At 31 August 2014	2,711

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2