Company Registration No. 04675640 (England and Wales)
ASIA CITY CENTRE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
ASIA CITY CENTRE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ASIA CITY CENTRE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
659
825
Current assets
Debtors
6,324
15,000
Cash at bank and in hand
123,974
168,676
130,298
183,676
Creditors: amounts falling due within one year
(89,070)
(143,860)
Net current assets
41,228
39,816
Total assets less current liabilities
41,887
40,641
Capital and reserves
Called up share capital
3
40,000
40,000
Profit and loss account
1,887
641
Shareholders' funds
41,887
40,641
For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 August 2015
Mrs Thuy Hang Tran
Director
Company Registration No. 04675640
ASIA CITY CENTRE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% reducing balance method
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2014 & at 28 February 2015
1,269
Depreciation
At 1 March 2014
445
Charge for the year
165
At 28 February 2015
610
Net book value
At 28 February 2015
659
At 28 February 2014
825
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
40,000 Ordinary shares of £1 each
40,000
40,000