Registered Number 08261350
EMPIRIBOX LIMITED
Abbreviated Accounts
31 March 2015
Notes | 31/03/2015 | 30/06/2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Accruals and deferred income |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Share premium account |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures, fittings and equipment 25% straight line
Other accounting policies
Invoices are charged to customers on an annual subscription basis for the use of the company's assets and supporting services over the following 12 months. Turnover is recognised on a term by term basis and provision made for the unexpired value of the invoiced subscription
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. No deferred taxation arises due to the size of losses arising.
Stocks
Stock is valued at the lower of cost and net realisable value.
Operating lease rentals
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
£ | |
---|---|
Cost | |
At 1 July 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2015 |
|
Depreciation | |
At 1 July 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 4,601 |
At 30 June 2014 | - |
4 Transactions with directors
Name of director receiving advance or credit: |
|
|
---|---|---|
Description of the transaction: |
|
|
Balance at 1 July 2014: | £ |
|
Advances or credits made: |
|
|
Advances or credits repaid: |
|
|
Balance at 31 March 2015: | £ |