Timesbid Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03934431

Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

Timesbid Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Gabie

SECRETARY:

C Stahl

REGISTERED OFFICE:

50 Brooke Avenue

South Harrow

Middlesex

HA2 ONF

REGISTERED NUMBER:

03934431

ACCOUNTANTS:

John Parratt Associates

Chartered Certified Accountants

94 Shortheath Road

Farnham

Surrey

GU9 8SQ

FIXED ASSETS

Intangible assets

2

59,900

59,900

Tangible assets

3

-

-

59,900

59,900

CURRENT ASSETS

Debtors

-

259

Cash at bank

203

519

203

778

CREDITORS

Amounts falling due within one year

42,415

40,730

NET CURRENT LIABILITIES

(42,212

)

(39,952

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,688

19,948

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

17,686

19,946

SHAREHOLDERS' FUNDS

17,688

19,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 November 2014 and were signed by:

G Gabie - Director

1.	ACCOUNTING POLICIES

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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

59,900

NET BOOK VALUE

At 28 February 2014

59,900

At 28 February 2013

59,900

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

4,095

DEPRECIATION

At 1 March 2013

and 28 February 2014

4,095

NET BOOK VALUE

At 28 February 2014

-

At 28 February 2013

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

1

Ordinary

£1

2

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director provided office accommodation services to the company.