Abbreviated Company Accounts - ECONEXUS

Abbreviated Company Accounts - ECONEXUS

ECONEXUS - Company Information

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Registered Number 06389064

ECONEXUS

Abbreviated Accounts

31 October 2014

ECONEXUS Registered Number 06389064

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 899 1,199
899 1,199
Current assets
Debtors - 1,932
Cash at bank and in hand 20,896 12,160
20,896 14,092
Creditors: amounts falling due within one year (20,665) (15,816)
Net current assets (liabilities) 231 (1,724)
Total assets less current liabilities 1,130 (525)
Total net assets (liabilities) 1,130 (525)
Reserves
Income and expenditure account 1,130 (525)
Members' funds 1,130 (525)
  • For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 July 2015

And signed on their behalf by:
RICARDA STEINBRECHER, Director

ECONEXUS Registered Number 06389064

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Grants and project funding are brought into account to match the appropriate expenditure
when incurred. Any surpluses at the year end are carried forward to be matched against
future expenditure.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost of each asset over its
estimated useful life, as follows:

Equipment – 20% straight line basis

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 November 2013 1,499
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2014 1,499
Depreciation
At 1 November 2013 300
Charge for the year 300
On disposals -
At 31 October 2014 600
Net book values
At 31 October 2014 899
At 31 October 2013 1,199