Balance Resource Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08077692 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

BALANCE RESOURCE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Fordham

SECRETARY:

D Fordham

REGISTERED OFFICE:

45 West Street

Farnham

Surrey

GU9 7DX

REGISTERED NUMBER:

08077692 (England and Wales)

ACCOUNTANTS:

Connor, Spencer

Chartered Accountants

5 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

FIXED ASSETS

Tangible assets

2

2,588

3,235

CURRENT ASSETS

Debtors

9,200

-

Cash at bank

8,006

8,282

17,206

8,282

CREDITORS

Amounts falling due within one year

17,135

10,968

NET CURRENT ASSETS/(LIABILITIES)

71

(2,686

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,659

549

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

2,658

548

SHAREHOLDERS' FUNDS

2,659

549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 October 2014 and were signed by:

D Fordham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

4,042

DEPRECIATION

At 1 June 2013

807

Charge for year

647

At 31 May 2014

1,454

NET BOOK VALUE

At 31 May 2014

2,588

At 31 May 2013

3,235

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1