Company Registration No. 04622613 (England and Wales)
LEARNING 2XL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
LEARNING 2XL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LEARNING 2XL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,310
1,541
Current assets
Debtors
2,376
2,690
Cash at bank and in hand
12,351
15,649
14,727
18,339
Creditors: amounts falling due within one year
(7,226)
(4,615)
Net current assets
7,501
13,724
Total assets less current liabilities
8,811
15,265
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
8,711
15,165
Shareholders' funds
8,811
15,265
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 September 2016
Mrs J Wilding
Director
Company Registration No. 04622613
LEARNING 2XL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% on cost
Office furniture
15% on reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015 & at 31 December 2015
7,500
6,951
14,451
Depreciation
At 1 January 2015
7,500
5,410
12,910
Charge for the year
-
231
231
At 31 December 2015
7,500
5,641
13,141
Net book value
At 31 December 2015
-
1,310
1,310
At 31 December 2014
-
1,541
1,541
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary of £1 each
100
100
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