THE THIRD DOOR (WORKSPACE) LIMITED - Period Ending 2015-08-31

Registration number: 05536440

THE THIRD DOOR (WORKSPACE) LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Alexander Rosse Limited
153 Milton Keynes Business Centre
Foxhunter Drive
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD

THE THIRD DOOR (WORKSPACE) LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
THE THIRD DOOR (WORKSPACE) LIMITED
for the Year Ended 31 August 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THE THIRD DOOR (WORKSPACE) LIMITED for the year ended 31 August 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of THE THIRD DOOR (WORKSPACE) LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of THE THIRD DOOR (WORKSPACE) LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE THIRD DOOR (WORKSPACE) LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that THE THIRD DOOR (WORKSPACE) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of THE THIRD DOOR (WORKSPACE) LIMITED. You consider that THE THIRD DOOR (WORKSPACE) LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of THE THIRD DOOR (WORKSPACE) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Alexander Rosse Limited
153 Milton Keynes Business Centre
Foxhunter Drive
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD

27 May 2016

Page 1

THE THIRD DOOR (WORKSPACE) LIMITED
(Registration number: 05536440)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					133			160
Tangible fixed assets					4,664			15,936
					4,797			16,096
Current assets
Debtors					60,795			63,791
Cash at bank and in hand					(5,586)			17,344
					55,209			81,135
Creditors: Amounts falling due within one year					(60,824)			(50,523)
Net current (liabilities)/assets					(5,615)			30,612
Total assets less current liabilities					(818)			46,708
Creditors: Amounts falling due after more than one year					(188,686)			(220,141)
Net liabilities					(189,504)			(173,433)
Capital and reserves
Called up share capital		4			81			81
Share premium account					56,985			56,985
Profit and loss account					(246,570)			(230,499)
Shareholders' deficit					(189,504)			(173,433)

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 27 May 2016 and signed on its behalf by:

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

THE THIRD DOOR (WORKSPACE) LIMITED
(Registration number: 05536440)
Abbreviated Balance Sheet at 31 August 2015
......... continued

.........................................
S Mustafa
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

THE THIRD DOOR (WORKSPACE) LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued support of the directors. At the balance sheet date the company owed the directors £172,434 (2014 £201,216).

Turnover

The turnover shown in the profit and loss account represents services provided during the year, exclusive of value added tax and trade discounts.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimate residual value, over the useful economic life of that asset as follows:

Asset class	Amortisation method and rate
Patents & Licences	over 10 years

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the usefule economic life of that asset as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% or 33% per annum straight line

Deferred tax

Deferred tax is recognised in repect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occured at that date that will result in an obligation to pay more, or right to pay less or receive more, tax, with the following exception: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 4

THE THIRD DOOR (WORKSPACE) LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 September 2014		270			101,049			101,319
Additions		-			1,989			1,989
At 31 August 2015		270			103,038			103,308
Depreciation
At 1 September 2014		110			85,113			85,223
Charge for the year		27			13,261			13,288
At 31 August 2015		137			98,374			98,511
Net book value
At 31 August 2015		133			4,664			4,797
At 31 August 2014		160			15,936			16,096

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		2,822			2,600
Amounts falling due after more than one year		16,252			18,925
Total secured creditors		19,074			21,525

Page 5

THE THIRD DOOR (WORKSPACE) LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £0.00 each		-			-			-			-

Page 6