Abbreviated Company Accounts - YOUNG BRITISH-ENTREPRENEUR LTD

YOUNG BRITISH-ENTREPRENEUR LTD - Company Information

06803957 YOUNG BRITISH-ENTREPRENEUR LTD 2015-01-31 false 2014-02-01 2015-01-31 true 06803957 2014-02-01 2015-01-31 06803957 2015-01-31 06803957 2014-01-31 06803957 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 06803957 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 06803957

YOUNG BRITISH-ENTREPRENEUR LTD

Abbreviated Accounts

31 January 2015

YOUNG BRITISH-ENTREPRENEUR LTD Registered Number 06803957

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Current assets
Debtors		420	420
Cash at bank and in hand		622	274
		1,042	694
Net current assets (liabilities)		1,042	694
Total assets less current liabilities		1,042	694
Total net assets (liabilities)		1,042	694
Capital and reserves
Called up share capital	2	300	300
Profit and loss account		742	394
Shareholders' funds		1,042	694

For the year ending 31 January 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 5 October 2015

And signed on their behalf by:
J POCOCK, Director

YOUNG BRITISH-ENTREPRENEUR LTD Registered Number 06803957

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

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
300 Ordinary shares of £1 each	300	300

The amounts of paid up share capital for the following categories of shares differed from the called up share capital stated above due to unpaid calls and were as follows:

2015 2014
£ £
Ordinary shares 300 300