Strengthen-It Ltd - Period Ending 2014-07-01

Registration number: 08395933

Strengthen-It Ltd

Unaudited Abbreviated Accounts

for the Period from 1 March 2014 to 1 July 2014

 

Strengthen-It Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Strengthen-It Ltd
(Registration number: 08395933)
Abbreviated Balance Sheet at 1 July 2014

		Note			1 July 2014 £			28 February 2014 £
Fixed assets
Tangible fixed assets		2			905			1,207
Current assets
Debtors					-			5,745
Cash at bank and in hand					44,402			58,464
					44,402			64,209
Creditors: Amounts falling due within one year					(5,079)			(16,693)
Net current assets					39,323			47,516
Total assets less current liabilities					40,228			48,723
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					40,227			48,722
Shareholders' funds					40,228			48,723

For the year ending 1 July 2014 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 2 August 2014 and signed on its behalf by:

.........................................
Mr R M Szczodrowski
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Strengthen-It Ltd
Notes to the Abbreviated Accounts for the Period from 1 March 2014 to 1 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the provision of IT consultancy.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	25% on reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		1,609			1,609
At 1 July 2014		1,609			1,609
Depreciation
At 1 March 2014		402			402
Charge for the period		302			302
At 1 July 2014		704			704
Net book value
At 1 July 2014		905			905
At 28 February 2014		1,207			1,207

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Strengthen-It Ltd
Notes to the Abbreviated Accounts for the Period from 1 March 2014 to 1 July 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	1 July 2014						28 February 2014
		No.			£			No.			£
Ordinary of £1 each		2			2			1			1

New shares allotted

During the period 1 Ordinary having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

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