Company Registration No. 06648102 (England and Wales)
BLUE SKY ABROAD LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
BLUE SKY ABROAD LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BLUE SKY ABROAD LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
235
462
Current assets
Debtors
2,185
1,150
Cash at bank and in hand
1,102
952
3,287
2,102
Creditors: amounts falling due within one year
(3,404)
(2,273)
Net current liabilities
(117)
(171)
Total assets less current liabilities
118
291
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
18
191
Shareholders' funds
118
291
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 21 December 2015
Mr R Miller
Director
Company Registration No. 06648102
BLUE SKY ABROAD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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).
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the continuing support of the director and creditors.
If the company was unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet value of assets to their recoverable amounts and to provide for further liabilities which may arise.
1.2
Turnover
Turnover represents amounts receivable for services.
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:
Computer equipment
33% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
689
Depreciation
At 1 April 2014
227
Charge for the year
227
At 31 March 2015
454
Net book value
At 31 March 2015
235
At 31 March 2014
462
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100