Abbreviated Company Accounts - ADDITIVE STUDIOS LTD

Abbreviated Company Accounts - ADDITIVE STUDIOS LTD


Registered Number 08004781

ADDITIVE STUDIOS LTD

Abbreviated Accounts

31 March 2015

ADDITIVE STUDIOS LTD Registered Number 08004781

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 21,696 16,944
21,696 16,944
Current assets
Debtors 16,949 43,052
Cash at bank and in hand 84,618 78,306
101,567 121,358
Creditors: amounts falling due within one year (53,279) (86,045)
Net current assets (liabilities) 48,288 35,313
Total assets less current liabilities 69,984 52,257
Total net assets (liabilities) 69,984 52,257
Capital and reserves
Called up share capital 100 100
Profit and loss account 69,884 52,157
Shareholders' funds 69,984 52,257
  • For the year ending 31 March 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 9 June 2015

And signed on their behalf by:
PETER AYLWARD, Director

ADDITIVE STUDIOS LTD Registered Number 08004781

Notes to the Abbreviated Accounts for the period ended 31 March 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
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computer equipment - 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2014 26,646
Additions 11,984
Disposals -
Revaluations -
Transfers -
At 31 March 2015 38,630
Depreciation
At 1 April 2014 9,702
Charge for the year 7,232
On disposals -
At 31 March 2015 16,934
Net book values
At 31 March 2015 21,696
At 31 March 2014 16,944