Abbreviated Company Accounts - THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED

THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED - Company Information

03890819 THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 03890819 2014-03-01 2015-02-28 03890819 2015-02-28 03890819 2014-02-28 03890819 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 03890819 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 03890819

THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED

Abbreviated Accounts

28 February 2015

THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED Registered Number 03890819

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	-	1
		-	1
Current assets
Debtors	3	164,568	162,200
Cash at bank and in hand		298	50
		164,866	162,250
Creditors: amounts falling due within one year	4	(83,127)	(77,937)
Net current assets (liabilities)		81,739	84,313
Total assets less current liabilities		81,739	84,314
Total net assets (liabilities)		81,739	84,314
Capital and reserves
Called up share capital	5	76,166	76,166
Share premium account		139,934	139,934
Profit and loss account		(134,361)	(131,786)
Shareholders' funds		81,739	84,314

For the year ending 28 February 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 20 May 2016

And signed on their behalf by:
N Justice, Director

THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED Registered Number 03890819

Notes to the Abbreviated Accounts for the period ended 28 February 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 receivable for goods and services net of VAT. The total turnover of the company for the year has
been derived from its principal activities.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment: 33% on straight line basis

Other accounting policies
Revenue Recognition
Subscription income is recognised evenly over the period to which individual subscriptions relate.

Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS19.

2Tangible fixed assets

	£
Cost
At 1 March 2014	90,851
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	90,851
Depreciation
At 1 March 2014	90,850
Charge for the year	1
On disposals	-
At 28 February 2015	90,851
Net book values
At 28 February 2015	0
At 28 February 2014	1

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	164,568	162,200

4Creditors

	2015 £	2014 £
Secured Debts	83,127	77,937

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
76,166 Ordinary shares of £1 each	76,166	76,166

6Transactions with directors

Name of director receiving advance or credit:	N Justice
Description of the transaction:	DLA
Balance at 1 March 2014:	£ 127,250
Advances or credits made:	£ 3,752
Advances or credits repaid:	-
Balance at 28 February 2015:	£ 131,002

There was no interest charged on this balance and there was no term for repayment.