Registered Number 04091767
ADVENTURE LIFESIGNS LIMITED
Abbreviated Accounts
31 October 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets |
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Tangible assets | 2 |
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Investments |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year | 3 |
( |
( |
Net current assets (liabilities) |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
( |
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Provisions for liabilities |
( |
( |
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Accruals and deferred income |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 20% reducing balance
Computer equipment - 33.3% straight line and 20% reducing balance
Motor vehicles - 25% reducing balance
Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated.
over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors
net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the
profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each
period.
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are
charged to the profit and loss account in the year they are payable.
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of
certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the
transaction. All differences are taken to profit and loss account.
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 October 2015 |
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Depreciation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
( |
At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 430,986 |
At 31 October 2014 | 45,842 |
2015
£ |
2014
£ |
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Secured Debts |
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Instalment debts due after 5 years |
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Non-instalment debts due after 5 years |
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5 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 November 2014: | £ |
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Advances or credits made: |
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Advances or credits repaid: | £ |
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Balance at 31 October 2015: | £ |