Abbreviated Company Accounts - ITS A WONDERFUL LIFE LTD

ITS A WONDERFUL LIFE LTD - Company Information

Registered Number 07049886

ITS A WONDERFUL LIFE LTD

Abbreviated Accounts

5 April 2016

ITS A WONDERFUL LIFE LTD Registered Number 07049886

Abbreviated Balance Sheet as at 5 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,925	4,671
		5,925	4,671
Current assets
Debtors		2,665	28,326
Cash at bank and in hand		5,758	38
		8,423	28,364
Creditors: amounts falling due within one year		(13,154)	(31,973)
Net current assets (liabilities)		(4,731)	(3,609)
Total assets less current liabilities		1,194	1,062
Provisions for liabilities		(1,067)	(934)
Total net assets (liabilities)		127	128
Capital and reserves
Called up share capital		32	32
Profit and loss account		95	96
Shareholders' funds		127	128

For the year ending 5 April 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 5 January 2017

And signed on their behalf by:
J Myers, Director

ITS A WONDERFUL LIFE LTD Registered Number 07049886

Notes to the Abbreviated Accounts for the period ended 5 April 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 January 2015.

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 - 15% reducing balance

2Tangible fixed assets

	£
Cost
At 6 April 2015	7,690
Additions	1,707
Disposals	-
Revaluations	-
Transfers	-
At 5 April 2016	9,397
Depreciation
At 6 April 2015	3,019
Charge for the year	453
On disposals	-
At 5 April 2016	3,472
Net book values
At 5 April 2016	5,925
At 5 April 2015	4,671