Company Registration No. 04180736 (England and Wales)
Alternative Angles Business Consultancy Limited
Unaudited Abbreviated Financial Statements
For The Year Ended 30 April 2015
ALTERNATIVE ANGLES BUSINESS CONSULTANCY LIMITED
Alternative Angles Business Consultancy Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ALTERNATIVE ANGLES BUSINESS CONSULTANCY LIMITED
Alternative Angles Business Consultancy Limited
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
351
487
Current assets
Debtors
265
728
Cash at bank and in hand
10,903
11,902
11,168
12,630
Creditors: amounts falling due within one year
(23,677)
(16,635)
Net current liabilities
(12,509)
(4,005)
Total assets less current liabilities
(12,158)
(3,518)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(12,258)
(3,618)
Shareholders' funds
(12,158)
(3,518)
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 January 2016
Ms S M Wesselby
Director
Company Registration No. 04180736
ALTERNATIVE ANGLES BUSINESS CONSULTANCY LIMITED
Alternative Angles Business Consultancy Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The accounts have been prepared under the going concern concept; the director has confirmed that she will continue to support the company for a period of 12 months after the date of signing the financial statements.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents the value, net of Value Added Tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers . Turnover is recognised when the goods are physically delivered to customers and when services are provided.
the value, net of Value Added Tax and discounts, of
goods
provided to customers
and
work carried out in respect of
services
provided to customers
.
Turnover is recognised when the goods are physically delivered to customers and when services are provided.
1.4
Tangible fixed assets and depreciation
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:
Plant and machinery
25% Straight Line
1.5
Leasing
Assets obtained under hire purchase contracts and finance leases
, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company,
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
P
rofit and
L
oss
A
ccount so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Deferred taxation
Deferred taxation
is calculated on an un-discounted basis at the tax rates that are expected to apply in the periods when the timing differences will reverse.
ALTERNATIVE ANGLES BUSINESS CONSULTANCY LIMITED
Alternative Angles Business Consultancy Limited
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014 & at 30 April 2015
1,562
Depreciation
At 1 May 2014
1,075
Charge for the year
136
At 30 April 2015
1,211
Net book value
At 30 April 2015
351
At 30 April 2014
487
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary of £1 each
100
100