Company Registration No. 05609207 (England and Wales)
ALL ABOUT SUCCESS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
ALL ABOUT SUCCESS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ALL ABOUT SUCCESS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
21,793
25,735
Current assets
Debtors
17,751
30,155
Cash at bank and in hand
1,477
7,127
19,228
37,282
Creditors: amounts falling due within one year
(28,700)
(37,311)
Net current liabilities
(9,472)
(29)
Total assets less current liabilities
12,321
25,706
Provisions for liabilities
(1,202)
(224)
11,119
25,482
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
11,117
25,480
Shareholders' funds
11,119
25,482
For the financial year ended 31 December 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 his 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 September 2016
A Lockwood
Director
Company Registration No. 05609207
ALL ABOUT SUCCESS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.3
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:
Land and buildings Leasehold
2% Straight line method
Computer equipment
33% Straight line method
1.4
Deferred taxation
Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
33,020
Depreciation
At 1 January 2015
7,285
Charge for the period
3,942
At 31 December 2015
11,227
Net book value
At 31 December 2015
21,793
At 31 December 2014
25,735
ALL ABOUT SUCCESS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2