Atomic Blade Limited - Period Ending 2015-02-28

Registration number: 8386076

Atomic Blade Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

Atomic Blade Limited
(Registration number: 8386076)
Abbreviated Balance Sheet at 28 February 2015

		Note			28 February 2015 £			28 February 2014 £
Fixed assets
Tangible fixed assets		2			750			1,000
Current assets
Debtors					2,509			21,054
Cash at bank and in hand					1,260			2
					3,769			21,056
Creditors: Amounts falling due within one year					(9,598)			(12,135)
Net current (liabilities)/assets					(5,829)			8,921
Total assets less current liabilities					(5,079)			9,921
Provisions for liabilities					(150)			(200)
Net (liabilities)/assets					(5,229)			9,721
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					(6,229)			8,721
Shareholders' (deficit)/funds					(5,229)			9,721

The notes on pages 3 to 4 form an integral part of these financial statements.
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Atomic Blade Limited
(Registration number: 8386076)
Abbreviated Balance Sheet at 28 February 2015
......... continued

For the year ending 28 February 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 5 November 2015

.........................................
Mr A M Easthope
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Atomic Blade Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis though the company's liabilities exceed their assets. The director believes that sufficient monies will be available to enable the company's liabilities to be met. Hence, the director feels that the going concern basis of preparation is appropriate.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. It includes the relevant proportion of contract values where work is partially performed in the year.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Atomic Blade Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		1,000			1,000
At 28 February 2015		1,000			1,000
Depreciation
Charge for the year		250			250
At 28 February 2015		250			250
Net book value
At 28 February 2015		750			750
At 28 February 2014		1,000			1,000

3	Share capital

Allotted, called up and fully paid shares

	28 February 2015						28 February 2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

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