2015 Companies House Accounts - pinacle (P15IXCHSE)

2015 Companies House Accounts - pinacle (P15IXCHSE)

BETTER LIFE WORLDWIDE LIMITED - Company Information

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                                                                                             
BETTER LIFE WORLDWIDE LTD
 
 
ABBREVIATED ACCOUNTS
 
YEAR ENDED 31 DECEMBER 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                                           
Company Registration Number - 08746816
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ANDREWS & COMPANY
 
Accountants & Tax Consultants
B181
29/09/16
                                                                                                                                                                           
1 .
Accountant's report to the directors of BETTER LIFE WORLDWIDE LIMITED
 
 
 
 
 
 
 
 
 
 
You consider that the company is exempt from an audit for the year ended 31 December 2015. You
have acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps
accounting records which comply with the Companies Act 2006, and for preparing accounts which
give a true and fair view of the state of affairs of the company and of its profit or loss for the
financial year.
 
In accordance with your instructions, we have prepared the accounts on pages 4 to 8 from the
accounting records of the company and on the basis of information and explanations you have given
us.
 
We have not carried out an audit or any other review, and consequently we do not express any
opinion on these accounts.
 
 
 
 
 
___________________
29 September 2016 ANDREWS & COMPANY
Accountants & Tax Consultants
4 Grand Cinema Buildings
Poole Road
Bournemouth
BH4 9DW
                                                                                                                                                                           
2 .
BETTER LIFE WORLDWIDE LIMITED
Company Number - 08746816
 
Abbreviated balance sheet
 
31 December 2015
 
2015 2014
Notes £ £ £ £
Fixed assets
 
Intangible assets 2 62,709 83,612
Tangible assets 2 7,961 8,468
70,670 92,080
 
Current assets
 
Stocks 10,027 27,131
Debtors 13,616 -
Cash at bank and in hand 61,342 31,271
84,985 58,402
 
Creditors - Amounts falling
due within one year 122,751 144,345
Net current liabilities (37,766 ) (85,943 )
Net assets 32,904 6,137
 
Capital and reserves
 
Called up share capital 3 1 1
Profit and loss account 32,903 6,136
Shareholders' funds 32,904 6,137
 
These abbreviated accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
 
For the financial year ended 31 December 2015, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
 
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
 
 
Approved by the board on 29 September 2016.
 
)
......................... ) MISS KATJA SIEVERS
Director
 
                                                                                                                                                                           
3 .
BETTER LIFE WORLDWIDE LIMITED
Notes to the abbreviated accounts
 
For the year ended 31 December 2015
 
1 . Accounting policies
 
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
Tangible fixed assets and depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
 
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 50% straight line
 
Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
 
Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied exclusive of Value Added Tax.
 
2 . Fixed assets
Tangible
Intangible fixed
assets assets Total
£ £ £
Cost or valuation
At 1 January 2015 83,612 11,554 95,166
Additions - 3,271 3,271
At 31 December 2015 83,612 14,825 98,437
 
Depreciation
At 1 January 2015 - 3,086 3,086
Charge for year 20,903 3,778 24,681
At 31 December 2015 20,903 6,864 27,767
 
Net Book Values
At 31 December 2015 62,709 7,961 70,670
 
At 1 January 2015 83,612 8,468 92,080
 
                                                                                                                                                                           
4 .
BETTER LIFE WORLDWIDE LIMITED
Notes to the abbreviated accounts
 
For the year ended 31 December 2015
 
3 . Called up share capital
2015 2014
£ £
 
There was no change in share capital during the year.
 
Allotted, called up and fully paid
Ordinary shares of £1 each 1 1