Registered Number NI064975
BRANDED USB PROMO.COM LTD
Abbreviated Accounts
31 May 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention.
Compliance with accounting standards
The financial statements have been prepared on the going concern basis under the historical cost convention, in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principle accounting policies, which have been applied consistently throughout the year, are set out below.
Turnover policy
Tangible assets depreciation policy
Fixtures, fittings & equipment - 25% reducing balance per annum
Other accounting policies
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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 had not been discounted.
£ | |
---|---|
Cost | |
At 1 June 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 May 2015 |
|
Depreciation | |
At 1 June 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 May 2015 |
|
Net book values | |
At 31 May 2015 | 2,927 |
At 31 May 2014 | 3,738 |