Turn Left Ventures Ltd - Abbreviated accounts 16.3
Turn Left Ventures Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Accounts |
| for the Period |
| 1 October 2014 to 29 February 2016 |
| for |
| Turn Left Ventures Ltd |
| Turn Left Ventures Ltd (Registered number: 07363327) |
| Contents of the Abbreviated Accounts |
| for the Period 1 October 2014 to 29 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Turn Left Ventures Ltd |
| Company Information |
| for the Period 1 October 2014 to 29 February 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Turn Left Ventures Ltd (Registered number: 07363327) |
| Abbreviated Balance Sheet |
| 29 February 2016 |
| 2016 | 2014 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| 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 |
| Turn Left Ventures Ltd (Registered number: 07363327) |
| Notes to the Abbreviated Accounts |
| for the Period 1 October 2014 to 29 February 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. |
| However, the validity of the going concern basis is dependant upon the continued support of the creditors. If the company is |
| unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to |
| provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities. |
| 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 net invoiced sales of services, excluding value added tax. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 3. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 29 February 2016 and the year ended |
| 30 September 2014: |
| 2016 | 2014 |
| £ | £ |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of period | ( |
) |
| P A Crowther had an overdrawn Director's Loan account of £6,789, however this was repaid in full within nine months of |
| the end of the accounting period. |