Abbreviated Company Accounts - 81STGENERATION LIMITED

81STGENERATION LIMITED - Company Information

Registered Number 08044842

81STGENERATION LIMITED

Abbreviated Accounts

30 April 2014

81STGENERATION LIMITED Registered Number 08044842

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	30,000	40,000
Tangible assets	3	6,315	1,875
		36,315	41,875
Current assets
Stocks		24,000	15,000
Cash at bank and in hand		33,826	45,850
		57,826	60,850
Creditors: amounts falling due within one year		(58,253)	(75,785)
Net current assets (liabilities)		(427)	(14,935)
Total assets less current liabilities		35,888	26,940
Total net assets (liabilities)		35,888	26,940
Capital and reserves
Called up share capital		1	1
Profit and loss account		35,887	26,939
Shareholders' funds		35,888	26,940

For the year ending 30 April 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 12 January 2015

And signed on their behalf by:
MR JIMI WALTERS, Director

81STGENERATION LIMITED Registered Number 08044842

Notes to the Abbreviated Accounts for the period ended 30 April 2014

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 goods and services net of VAT 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 less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 25% per annum reducing balance.

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 May 2013	50,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	50,000
Amortisation
At 1 May 2013	10,000
Charge for the year	10,000
On disposals	-
At 30 April 2014	20,000
Net book values
At 30 April 2014	30,000
At 30 April 2013	40,000

3Tangible fixed assets

	£
Cost
At 1 May 2013	2,500
Additions	6,544
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	9,044
Depreciation
At 1 May 2013	625
Charge for the year	2,104
On disposals	-
At 30 April 2014	2,729
Net book values
At 30 April 2014	6,315
At 30 April 2013	1,875