| Enterprise and Adventure |
| Registered number: |
06778833 |
| Abbreviated Balance Sheet |
| as at 31 December 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
332 |
|
|
442 |
|
| Current assets |
| Cash at bank and in hand |
|
|
4,490 |
|
|
1,085 |
|
| Creditors: amounts falling due within one year |
|
|
(8,455) |
|
|
(7,388) |
|
| Net current liabilities |
|
|
|
(3,965) |
|
|
(6,303) |
|
| Total assets less current liabilities |
|
|
|
(3,633) |
|
|
(5,861) |
|
|
| Provisions for liabilities |
|
|
|
(66) |
|
|
(88) |
|
|
| Net liabilities |
|
|
|
(3,699) |
|
|
(5,949) |
|
|
|
|
|
|
|
|
| Reserves |
| Income and expenditure account |
|
|
|
(3,699) |
|
|
(5,949) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 her 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Ms Rashida Mustafa |
| Director |
| Approved by the board on 14 January 2015 |
|
| Enterprise and Adventure |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2014 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the invoiced value, net of discounts, of home made products and enterprise training provided to customers. |
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures and fittings |
25% reducing balance |
|
|
|
Stocks and work-in-progress |
|
Stock and work-in-progress is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2014 |
1,400 |
|
At 31 December 2014 |
1,400 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2014 |
958 |
|
Charge for the year |
110 |
|
At 31 December 2014 |
1,068 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
332 |
|
At 31 December 2013 |
442 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Company structure |
|
|
The company is incorporated under the Companies Act 2006 as a company limited by guarantee and not having a share capital. The company has also taken the exemption, under Section 60 of the Companies Act 2006, not to include the word "Limited" with its name. The liability of the members is limited. Every member of the company undertakes to contibute such an amount as may be required ( not exceeding GBP 1.00) to the company's assets if it should be wound up while he or she is a member, or within one year after he or she ceases to be a member, for payment of the company's debts and liabilities contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves. |
