| THE SPEAKERS CIRCUIT LIMITED |
| Registered number: 05182874 |
| Abbreviated Balance Sheet |
| as at 31 July 2014 |
|
|
Notes |
|
2014 |
|
2013 |
|
|
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
3,405 |
|
|
4,405 |
| Tangible assets |
3 |
|
|
167 |
|
|
267 |
|
|
|
|
3,572 |
|
|
4,672 |
|
| Current assets |
| Debtors |
|
|
- |
|
|
2,700 |
| Cash at bank and in hand |
|
|
810 |
|
|
179 |
|
|
|
810 |
|
|
2,879 |
|
| Creditors: amounts falling due within one year |
|
|
(27,410) |
|
|
(22,437) |
|
| Net current liabilities |
|
|
|
(26,600) |
|
|
(19,558) |
|
| Net liabilities |
|
|
|
(23,028) |
|
|
(14,886) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(23,030) |
|
|
(14,888) |
|
| Shareholder's funds |
|
|
|
(23,028) |
|
|
(14,886) |
|
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
|
| Laura Beatrice Collins |
| Director |
| Approved by the board on 12 January 2015 |
|
| THE SPEAKERS CIRCUIT LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 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 January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax, of work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
20% reducing balance |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2013 |
25,000 |
|
At 31 July 2014 |
25,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2013 |
20,595 |
|
Provided during the year |
1,000 |
|
At 31 July 2014 |
21,595 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2014 |
3,405 |
|
At 31 July 2013 |
4,405 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2013 |
447 |
|
At 31 July 2014 |
447 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2013 |
180 |
|
Charge for the year |
100 |
|
At 31 July 2014 |
280 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2014 |
167 |
|
At 31 July 2013 |
267 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
|
|
2014 |
|
2013 |
|
|
value |
|
Number |
|
£ |
|
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
