Abbreviated Company Accounts - CITY INSIGHTS (LONDON) LIMITED

CITY INSIGHTS (LONDON) LIMITED - Company Information

Registered Number 06967812

CITY INSIGHTS (LONDON) LIMITED

Abbreviated Accounts

31 July 2015

CITY INSIGHTS (LONDON) LIMITED Registered Number 06967812

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	2,042	2,714
Tangible assets	3	8,815	10,684
		10,857	13,398
Current assets
Debtors		34,042	34,302
Cash at bank and in hand		29,497	32,638
		63,539	66,940
Creditors: amounts falling due within one year		(116,069)	(74,584)
Net current assets (liabilities)		(52,530)	(7,644)
Total assets less current liabilities		(41,673)	5,754
Total net assets (liabilities)		(41,673)	5,754
Capital and reserves
Called up share capital		111	111
Share premium account		149,989	149,989
Profit and loss account		(191,773)	(144,346)
Shareholders' funds		(41,673)	5,754

For the year ending 31 July 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 27 April 2016

And signed on their behalf by:
S Mallock, Director

CITY INSIGHTS (LONDON) LIMITED Registered Number 06967812

Notes to the Abbreviated Accounts for the period ended 31 July 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 and services, excluding VAT.

Tangible assets depreciation policy
Depreciation aims to write down the cost less estimated residual value of all fixed assets over
their expected useful lives.

The rates applicable are:-

Fixtures and fittings - 25% reducing balance

Intangible assets amortisation policy
Trademarks are amortised on a straight line basis over its useful economic life.

2Intangible fixed assets

	£
Cost
At 1 August 2014	3,392
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	3,392
Amortisation
At 1 August 2014	678
Charge for the year	672
On disposals	-
At 31 July 2015	1,350
Net book values
At 31 July 2015	2,042
At 31 July 2014	2,714

3Tangible fixed assets

	£
Cost
At 1 August 2014	14,245
Additions	831
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	15,076
Depreciation
At 1 August 2014	3,561
Charge for the year	2,700
On disposals	-
At 31 July 2015	6,261
Net book values
At 31 July 2015	8,815
At 31 July 2014	10,684