Abbreviated Company Accounts - BETTER THAN PAPER LIMITED

Abbreviated Company Accounts - BETTER THAN PAPER LIMITED

BETTER THAN PAPER LIMITED - Company Information

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Registered Number 06915209

BETTER THAN PAPER LIMITED

Abbreviated Accounts

31 May 2015

BETTER THAN PAPER LIMITED Registered Number 06915209

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 5,524 1,090
5,524 1,090
Current assets
Debtors 10,623 1,920
Cash at bank and in hand 21,642 29,246
32,265 31,166
Creditors: amounts falling due within one year (64,380) (15,026)
Net current assets (liabilities) (32,115) 16,140
Total assets less current liabilities (26,591) 17,230
Total net assets (liabilities) (26,591) 17,230
Capital and reserves
Called up share capital 3 1,000 10
Other reserves (45,000) 0
Profit and loss account 17,409 17,220
Shareholders' funds (26,591) 17,230
  • For the year ending 31 May 2015 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 2 August 2015

And signed on their behalf by:
A. Saddul, Director

BETTER THAN PAPER LIMITED Registered Number 06915209

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts arising solely in the United Kingdom.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Office equipment
25%
Fixture and fittings
25%

Other accounting policies
Although there were net current liabilities at the year end, the company was deemed to be a going concern and the financial statements were prepared on a going concern basis as the director and shareholder has guaranteed to ensure enough working capital in the company to continue trading for the foreseeable future.

2Tangible fixed assets
£
Cost
At 1 June 2014 1,924
Additions 6,077
Disposals -
Revaluations -
Transfers -
At 31 May 2015 8,001
Depreciation
At 1 June 2014 834
Charge for the year 1,643
On disposals -
At 31 May 2015 2,477
Net book values
At 31 May 2015 5,524
At 31 May 2014 1,090
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
1,000 Ordinary shares of £1 each (10 shares for 2014) 1,000 10

4Transactions with directors

Name of director receiving advance or credit: A. Saddul
Description of the transaction: Amount due to
Balance at 1 June 2014: £ 0
Advances or credits made: £ 56,445
Advances or credits repaid: -
Balance at 31 May 2015: £ 56,445