Abbreviated Company Accounts - 1 2 ONE ENTERTAINMENT (UK) LTD

Abbreviated Company Accounts - 1 2 ONE ENTERTAINMENT (UK) LTD


Registered Number 07641845

1 2 ONE ENTERTAINMENT (UK) LTD

Abbreviated Accounts

31 May 2015

1 2 ONE ENTERTAINMENT (UK) LTD Registered Number 07641845

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 5,686 2,303
5,686 2,303
Current assets
Debtors 7,533 15,146
Cash at bank and in hand - 6,492
7,533 21,638
Creditors: amounts falling due within one year (34,439) (30,471)
Net current assets (liabilities) (26,906) (8,833)
Total assets less current liabilities (21,220) (6,530)
Total net assets (liabilities) (21,220) (6,530)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (21,221) (6,531)
Shareholders' funds (21,220) (6,530)
  • 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 31 May 2016

And signed on their behalf by:
Elliot Kennedy, Director

1 2 ONE ENTERTAINMENT (UK) LTD Registered Number 07641845

Notes to the Abbreviated Accounts for the period ended 31 May 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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% written down method

Other accounting policies
Going concern
The financial statements have been prepared on a going concern basis. The director believes that with his financial support, the company will remain in existence for the foreseeable future.

2Tangible fixed assets
£
Cost
At 1 June 2014 5,300
Additions 4,723
Disposals -
Revaluations -
Transfers -
At 31 May 2015 10,023
Depreciation
At 1 June 2014 2,997
Charge for the year 1,340
On disposals -
At 31 May 2015 4,337
Net book values
At 31 May 2015 5,686
At 31 May 2014 2,303
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 Ordinary shares of £1 each 1 1

4Transactions with directors

Name of director receiving advance or credit: Elliot Kennedy
Description of the transaction: Advances to director
Balance at 1 June 2014: £ 4,592
Advances or credits made: -
Advances or credits repaid: £ 4,592
Balance at 31 May 2015: £ 0