The Brain Training Company Limited - Abbreviated accounts 16.1
The Brain Training Company Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 September 2015 |
| for |
| The Brain Training Company Limited |
| The Brain Training Company Limited (Registered number: 04290170) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 | to | 4 |
| The Brain Training Company Limited |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| The Brain Training Company Limited (Registered number: 04290170) |
| Abbreviated Balance Sheet |
| 30 September 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director on |
| The Brain Training Company Limited (Registered number: 04290170) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements - going concern |
| As at the balance sheet date total liabilities exceed gross assets hence the company is technically insolvent. The |
| director is of the opinion that this is a temporary position and that the company remains a going concern. He |
| will continue to financially support the company as required. That being the case, these financial statements |
| have been drawn up on the going concern basis and no adjustments have been made to reclassify certain |
| assets that would be required if the company ceased to be a trading entity. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents the total value of services provided during the year excluding value added tax. |
| Tangible fixed assets |
| Fixtures, fittings and equipment | - |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
| at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Disposals | ( |
) |
| At 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| The Brain Training Company Limited (Registered number: 04290170) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2015 and |
| 30 September 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Interest of £172 (2014 £292) was paid on the loan to the director at HM Revenue and Customs approved rate. |