Abbreviated Company Accounts - COMPANYTWO LTD

07946825 COMPANYTWO LTD 2014-03-31 false 2013-04-01 2014-03-31 true 07946825 2013-04-01 2014-03-31 07946825 2014-03-31 07946825 2013-03-31 07946825 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07946825 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07946825

COMPANYTWO LTD

Abbreviated Accounts

31 March 2014

COMPANYTWO LTD Registered Number 07946825

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,028	-
		1,028	-
Current assets
Debtors		139,028	-
Cash at bank and in hand		10,134	-
		149,162	-
Creditors: amounts falling due within one year		(91,627)	(32,329)
Net current assets (liabilities)		57,535	(32,329)
Total assets less current liabilities		58,563	(32,329)
Total net assets (liabilities)		58,563	(32,329)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		58,463	(32,429)
Shareholders' funds		58,563	(32,329)

For the year ending 31 March 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 23 December 2014

And signed on their behalf by:
J Stack, Director

COMPANYTWO LTD Registered Number 07946825

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of real estate services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:

Equipment - 3 year straight line

2Tangible fixed assets

	£
Cost
At 1 April 2013	-
Additions	1,057
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,057
Depreciation
At 1 April 2013	-
Charge for the year	29
On disposals	-
At 31 March 2014	29
Net book values
At 31 March 2014	1,028
At 31 March 2013	-

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	JS - AP
Description of the transaction:	Directors loan account
Balance at 1 April 2013:	-
Advances or credits made:	£ 87,290
Advances or credits repaid:	£ 29,684
Balance at 31 March 2014:	£ 57,606

At the beginning of the year the directors were owed £32,329 by the company. During the year advances totalling £119,046 were made to the directors, with two advances in excess of £10,000, totalling £24,000. Repayments by the director during the period totalled £29,684, which did not include any repayments in excess of £10,000. Interest on the balances due to the company is calculated at 4% and totalled £573 during the year. At the balance sheet date the balance due from the directors was £57,606.