Absolute Learning Ltd
|
Registered number: |
06987609
|
Abbreviated Balance Sheet |
as at 31 December 2014
|
|
Notes |
|
|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
9,600 |
|
|
11,414 |
Tangible assets |
3 |
|
|
573 |
|
|
859 |
|
|
|
|
10,173 |
|
|
12,273 |
|
Current assets |
Debtors |
|
|
4,404 |
|
|
7,927 |
Cash at bank and in hand |
|
|
2,216 |
|
|
2,408 |
|
|
|
6,620 |
|
|
10,335 |
|
Creditors: amounts falling due within one year |
|
|
(12,091) |
|
|
(19,016) |
|
Net current liabilities |
|
|
|
(5,471) |
|
|
(8,681) |
|
Net assets |
|
|
|
4,702 |
|
|
3,592 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
4,700 |
|
|
3,590 |
|
Shareholders' funds |
|
|
|
4,702 |
|
|
3,592 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their 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.
|
|
|
|
Ian Crocker |
Director |
Approved by the board on 21 September 2015
|
|
Absolute Learning Ltd
|
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 value, net of value added tax and discounts, of goods provided to customers and 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. |
|
|
Plant and machinery |
20% straight line
|
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2014 |
14,267 |
|
Additions |
1,733 |
|
At 31 December 2014 |
16,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2014 |
2,853 |
|
Provided during the year |
3,547 |
|
At 31 December 2014 |
6,400 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
9,600 |
|
At 31 December 2013 |
11,414 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2014 |
1,434 |
|
At 31 December 2014 |
1,434 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2014 |
575 |
|
Charge for the year |
286 |
|
At 31 December 2014 |
861 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
573 |
|
At 31 December 2013 |
859 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|