Abbreviated Company Accounts - 2B LIVE LIMITED

Abbreviated Company Accounts - 2B LIVE LIMITED


Registered Number 07267423

2B LIVE LIMITED

Abbreviated Accounts

31 May 2016

2B LIVE LIMITED Registered Number 07267423

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1 111
1 111
Current assets
Debtors 28,875 364
Cash at bank and in hand 63,122 140,460
91,997 140,824
Net current assets (liabilities) 91,997 140,824
Total assets less current liabilities 91,998 140,935
Creditors: amounts falling due after more than one year (91,994) (42,376)
Total net assets (liabilities) 4 98,559
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 2 98,557
Shareholders' funds 4 98,559
  • For the year ending 31 May 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 13 November 2016

And signed on their behalf by:
C Farzad, Director

2B LIVE LIMITED Registered Number 07267423

Notes to the Abbreviated Accounts for the period ended 31 May 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 amounts receivable for services net of VAT.

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

Fixtures, fittings & equipment - 20%/33% straight line per annum

2Tangible fixed assets
£
Cost
At 1 June 2015 2,603
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 2,603
Depreciation
At 1 June 2015 2,492
Charge for the year 110
On disposals -
At 31 May 2016 2,602
Net book values
At 31 May 2016 1
At 31 May 2015 111
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2 Ordinary shares of £1 each 2 2