Abbreviated Company Accounts - ELEMENT DESIGN UK LIMITED

ELEMENT DESIGN UK LIMITED - Company Information

Registered Number 05961177

ELEMENT DESIGN UK LIMITED

Abbreviated Accounts

30 September 2014

ELEMENT DESIGN UK LIMITED Registered Number 05961177

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,287	5,715
		4,287	5,715
Current assets
Debtors		19,572	9,313
Investments		6,966	8,560
		26,538	17,873
Creditors: amounts falling due within one year		(30,672)	(22,114)
Net current assets (liabilities)		(4,134)	(4,241)
Total assets less current liabilities		153	1,474
Total net assets (liabilities)		153	1,474
Capital and reserves
Called up share capital		1	1
Profit and loss account		152	1,473
Shareholders' funds		153	1,474

For the year ending 30 September 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 7 November 2014

And signed on their behalf by:
M Hull, Director

ELEMENT DESIGN UK LIMITED Registered Number 05961177

Notes to the Abbreviated Accounts for the period ended 30 September 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 fees receivable net of VAT accounted for under the flat rate scheme.

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 on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 October 2013	13,722
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	13,722
Depreciation
At 1 October 2013	8,007
Charge for the year	1,428
On disposals	-
At 30 September 2014	9,435
Net book values
At 30 September 2014	4,287
At 30 September 2013	5,715