Abbreviated Company Accounts - EARTH AND SKY LIMITED

Abbreviated Company Accounts - EARTH AND SKY LIMITED


Registered Number 03571933

EARTH AND SKY LIMITED

Abbreviated Accounts

31 May 2016

EARTH AND SKY LIMITED Registered Number 03571933

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 11,000 11,000
Tangible assets 3 204,441 204,709
215,441 215,709
Current assets
Cash at bank and in hand 510 2,729
510 2,729
Creditors: amounts falling due within one year (164,588) (162,391)
Net current assets (liabilities) (164,078) (159,662)
Total assets less current liabilities 51,363 56,047
Creditors: amounts falling due after more than one year (79,021) (81,244)
Total net assets (liabilities) (27,658) (25,197)
Capital and reserves
Called up share capital 200 200
Profit and loss account (27,858) (25,397)
Shareholders' funds (27,658) (25,197)
  • For the year ending 31 May 2016 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 6 February 2017

And signed on their behalf by:
Dr S V Batty, Director
Mrs C Good, Director

EARTH AND SKY LIMITED Registered Number 03571933

Notes to the Abbreviated Accounts for the period ended 31 May 2016

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their expected residual value, over their expected useful lives on the following bases:

Fixtures and Fittings - 15% per annum reducing balance basis
Motor Vehicles - 25% per annum reducing balance basis

2Intangible fixed assets
£
Cost
At 1 June 2015 11,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 11,000
Amortisation
At 1 June 2015 0
Charge for the year -
On disposals -
At 31 May 2016 0
Net book values
At 31 May 2016 11,000
At 31 May 2015 11,000
3Tangible fixed assets
£
Cost
At 1 June 2015 218,777
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 218,777
Depreciation
At 1 June 2015 14,068
Charge for the year 268
On disposals -
At 31 May 2016 14,336
Net book values
At 31 May 2016 204,441
At 31 May 2015 204,709