Abbreviated Company Accounts - ADVANSHARE LIMITED

ADVANSHARE LIMITED - Company Information

05370887 ADVANSHARE LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 05370887 2013-01-01 2013-12-31 05370887 2013-12-31 05370887 2012-12-31 05370887 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05370887 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05370887

ADVANSHARE LIMITED

Abbreviated Accounts

31 December 2013

ADVANSHARE LIMITED Registered Number 05370887

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	42,074	60,775
		42,074	60,775
Current assets
Debtors		9,795	13,681
Cash at bank and in hand		162	92
		9,957	13,773
Net current assets (liabilities)		9,957	13,773
Total assets less current liabilities		52,031	74,548
Creditors: amounts falling due after more than one year		(261,727)	(253,720)
Total net assets (liabilities)		(209,696)	(179,172)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(209,796)	(179,272)
Shareholders' funds		(209,696)	(179,172)

For the year ending 31 December 2013 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 25 September 2014

And signed on their behalf by:
IS Smith, Director

ADVANSHARE LIMITED Registered Number 05370887

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% of balance each year

Other accounting policies
Deferred taxation
Deferred Taxation is provided using the liability method except that no provision is made where there is reasonable probability that no liability will arise in the foreseeable future.

Going concern
The accounts have been prepared using the going concern concept which assumes that the company will continue with its activities. This assumption may not be appropriate as the company has a balance sheet deficit of £209,696 at 31st December 2013 (2012 - £179,172). However in the view of the directors the company will continue trading with their support.

2Tangible fixed assets

	£
Cost
At 1 January 2013	78,616
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	78,616
Depreciation
At 1 January 2013	17,841
Charge for the year	18,701
On disposals	-
At 31 December 2013	36,542
Net book values
At 31 December 2013	42,074
At 31 December 2012	60,775

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

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100