Abbreviated Company Accounts - ADDITIVE STUDIOS LTD

Abbreviated Company Accounts - ADDITIVE STUDIOS LTD


Registered Number 08004781

ADDITIVE STUDIOS LTD

Abbreviated Accounts

31 March 2014

ADDITIVE STUDIOS LTD Registered Number 08004781

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 16,944 12,161
16,944 12,161
Current assets
Debtors 43,052 4,020
Cash at bank and in hand 78,306 28,780
121,358 32,800
Creditors: amounts falling due within one year (86,045) (42,845)
Net current assets (liabilities) 35,313 (10,045)
Total assets less current liabilities 52,257 2,116
Total net assets (liabilities) 52,257 2,116
Capital and reserves
Called up share capital 100 100
Profit and loss account 52,157 2,016
Shareholders' funds 52,257 2,116
  • For the year ending 31 March 2014 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 5 September 2014

And signed on their behalf by:
MATTHEW STEVENS, Director

ADDITIVE STUDIOS LTD Registered Number 08004781

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
Turnover represents net invoiced sales, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computer Equipment - 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2013 16,215
Additions 10,431
Disposals -
Revaluations -
Transfers -
At 31 March 2014 26,646
Depreciation
At 1 April 2013 4,054
Charge for the year 5,648
On disposals -
At 31 March 2014 9,702
Net book values
At 31 March 2014 16,944
At 31 March 2013 12,161