Abbreviated Company Accounts - NEW LIFE INVESTMENTS LIMITED

Abbreviated Company Accounts - NEW LIFE INVESTMENTS LIMITED

NEW LIFE INVESTMENTS LIMITED - Company Information

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Registered Number 03504790

NEW LIFE INVESTMENTS LIMITED

Abbreviated Accounts

31 May 2014

NEW LIFE INVESTMENTS LIMITED Registered Number 03504790

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 324,009 334,468
324,009 334,468
Current assets
Debtors 8,946 3,055
Cash at bank and in hand 7,153 2,725
16,099 5,780
Creditors: amounts falling due within one year (18,741) (15,845)
Net current assets (liabilities) (2,642) (10,065)
Total assets less current liabilities 321,367 324,403
Creditors: amounts falling due after more than one year (143,618) (154,420)
Total net assets (liabilities) 177,749 169,983
Capital and reserves
Called up share capital 3 3
Profit and loss account 177,746 169,980
Shareholders' funds 177,749 169,983
  • For the year ending 31 May 2014 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 June 2014

And signed on their behalf by:
M D KAYE, Director

NEW LIFE INVESTMENTS LIMITED Registered Number 03504790

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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
The turnover shown in the profit and loss account represents amounts invoiced during the year excluding value added tax.

Tangible assets depreciation policy
Tangible Fixed Assets are shown either at cost or cost less depreciation.

2Tangible fixed assets
£
Cost
At 1 June 2013 471,585
Additions -
Disposals (4,600)
Revaluations -
Transfers -
At 31 May 2014 466,985
Depreciation
At 1 June 2013 137,117
Charge for the year 9,844
On disposals (3,985)
At 31 May 2014 142,976
Net book values
At 31 May 2014 324,009
At 31 May 2013 334,468