Abbreviated Company Accounts - CREDIT FLIP LIMITED

06793893 CREDIT FLIP LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 06793893 2013-01-01 2013-12-31 06793893 2013-12-31 06793893 2012-12-31 06793893 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 06793893 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-31 iso4217:GBP shares

Registered Number 06793893

CREDIT FLIP LIMITED

Abbreviated Accounts

31 December 2013

CREDIT FLIP LIMITED Registered Number 06793893

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	-	33,678
Investments		-	-
		-	33,678
Current assets
Stocks		-	6,474
Debtors		-	178,554
Investments		-	-
Cash at bank and in hand		7	96,209
		7	281,237
Prepayments and accrued income		162,220	-
Creditors: amounts falling due within one year		(1,025)	(62,166)
Net current assets (liabilities)		161,202	219,071
Total assets less current liabilities		161,202	252,749
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	(6,736)
Accruals and deferred income		0	0
Total net assets (liabilities)		161,202	246,013
Capital and reserves
Called up share capital	3	1,000	1,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		160,202	245,013
Shareholders' funds		161,202	246,013

For the year ending 31 December 2013 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 10 September 2014

And signed on their behalf by:
Pearse Flynn, Director
Nancy Reid, Director

CREDIT FLIP LIMITED Registered Number 06793893

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is calculated so as to write off the cost of tangible fixed assets over their estimated useful lives as follows:
Fixtures & fittings - 10% - 20% per annum on cost

2Tangible fixed assets

	£
Cost
At 1 January 2013	48,798
Additions	-
Disposals	(9,925)
Revaluations	-
Transfers	-
At 31 December 2013	38,873
Depreciation
At 1 January 2013	15,120
Charge for the year	23,753
On disposals	-
At 31 December 2013	38,873
Net book values
At 31 December 2013	0
At 31 December 2012	33,678

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
650 A Ordinary shares of £1 each	650	650
350 B Ordinary shares of £1 each	350	350