THINC. DESIGN LIMITED - Filleted accounts

THINC. DESIGN LIMITED - Filleted accounts

THINC. DESIGN LIMITED - Company Information

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Registered number
05379351
THINC. DESIGN LIMITED
Filleted Accounts
31 March 2018
THINC. DESIGN LIMITED
Registered number: 05379351
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 3 - 100
Current assets
Cash at bank and in hand 862 8,805
Creditors: amounts falling due within one year 4 (22,653) (24,552)
Net current liabilities (21,791) (15,747)
Net liabilities (21,791) (15,647)
Capital and reserves
Called up share capital 1 1
Profit and loss account (21,792) (15,648)
Shareholder's funds (21,791) (15,647)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Anderson
Director
Approved by the board on 10 December 2018
THINC. DESIGN LIMITED
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Taxation 2018 2017
£ £
Corporation Tax 16,000 17,450
Under (Over) Provision in Prior Year 189
16,189 17,450
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2017 2,113
At 31 March 2018 2,113
Depreciation
At 1 April 2017 2,013
Charge for the year 100
At 31 March 2018 2,113
Net book value
At 31 March 2018 -
At 31 March 2017 100
4 Creditors: amounts falling due within one year 2018 2017
£ £
Corporation Tax 16,000 17,450
Other creditors 6,653 7,102
22,653 24,552
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