Abbreviated Company Accounts - LIFE ORIENTATIONS LIMITED

LIFE ORIENTATIONS LIMITED - Company Information

04194813 LIFE ORIENTATIONS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 04194813 2013-01-01 2013-12-31 04194813 2013-12-31 04194813 2012-12-31 04194813 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 04194813 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 04194813

LIFE ORIENTATIONS LIMITED

Abbreviated Accounts

31 December 2013

LIFE ORIENTATIONS LIMITED Registered Number 04194813

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	2,048	-
		2,048	-
Current assets
Debtors		27,694	265,524
Cash at bank and in hand		462	2,887
		28,156	268,411
Creditors: amounts falling due within one year		(28,990)	(261,570)
Net current assets (liabilities)		(834)	6,841
Total assets less current liabilities		1,214	6,841
Total net assets (liabilities)		1,214	6,841
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		214	5,841
Shareholders' funds		1,214	6,841

For the year ending 31 December 2013 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 23 September 2014

And signed on their behalf by:
BS Biggar, Director

LIFE ORIENTATIONS LIMITED Registered Number 04194813

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 33% Straight line

Other accounting policies
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transaction. All differences are taken to the Profit and Loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2013	26,387
Additions	3,056
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	29,443
Depreciation
At 1 January 2013	26,387
Charge for the year	1,008
On disposals	-
At 31 December 2013	27,395
Net book values
At 31 December 2013	2,048
At 31 December 2012	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	BS Biggar
Description of the transaction:	Directors loan
Balance at 1 January 2013:	£ 220,732
Advances or credits made:	£ 0
Advances or credits repaid:	£ 200,149
Balance at 31 December 2013:	£ 20,583