Company Registration No. 08306948 (England and Wales)
NUTRIENT LIFE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
NUTRIENT LIFE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NUTRIENT LIFE LTD
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
750
1,125
Tangible assets
2
1,574
2,362
2,324
3,487
Current assets
Debtors
2
-
Cash at bank and in hand
1,475
326
1,477
326
Creditors: amounts falling due within one year
(32,892)
(24,698)
Net current liabilities
(31,415)
(24,372)
Total assets less current liabilities
(29,091)
(20,885)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(29,191)
(20,985)
Shareholders' funds
(29,091)
(20,885)
For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 28 August 2015
Miss R Ferguson
Director
Company Registration No. 08306948
NUTRIENT LIFE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 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).
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 amounts receivable for goods and services net of VAT and trade discounts.
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:
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2013 & at 30 November 2014
1,500
3,150
4,650
Depreciation
At 1 December 2013
375
788
1,163
Charge for the year
375
788
1,163
At 30 November 2014
750
1,576
2,326
Net book value
At 30 November 2014
750
1,574
2,324
At 30 November 2013
1,125
2,362
3,487
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
4
Ultimate parent company
There is no ultimate controlling party as the authorised share capital is equally split the two Directors.