Abbreviated Company Accounts - LIKELY STORY LTD

Registered Number 05301269

LIKELY STORY LTD

Abbreviated Accounts

31 March 2016

LIKELY STORY LTD Registered Number 05301269

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	45,000	45,000
Tangible assets	3	773	1,630
		45,773	46,630
Current assets
Debtors		60	-
Cash at bank and in hand		26,255	30,811
		26,315	30,811
Creditors: amounts falling due within one year		(998)	(3,484)
Net current assets (liabilities)		25,317	27,327
Total assets less current liabilities		71,090	73,957
Creditors: amounts falling due after more than one year		(65,490)	(67,894)
Total net assets (liabilities)		5,600	6,063
Capital and reserves
Called up share capital		2	2
Profit and loss account		5,598	6,061
Shareholders' funds		5,600	6,063

For the year ending 31 March 2016 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 21 December 2016

And signed on their behalf by:
DICTYNNA HOOD, Director

LIKELY STORY LTD Registered Number 05301269

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Computer equipment - 25% on reducing balance

2Intangible fixed assets

	£
Cost
At 1 April 2015	45,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	45,000
Amortisation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	45,000
At 31 March 2015	45,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	4,821
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	4,821
Depreciation
At 1 April 2015	3,191
Charge for the year	857
On disposals	-
At 31 March 2016	4,048
Net book values
At 31 March 2016	773
At 31 March 2015	1,630