21st Century Franchising Limited

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Intangible assets	2		6,554		6,554
Tangible assets	3		108,892		66,957

			115,446		73,511
CURRENT ASSETS
Debtors		2,618		5,147
Cash at bank and in hand		3,056		95,994

		5,674		101,141
Creditors: Amounts Falling Due Within One Year		(69,837)		(90,684)

NET CURRENT ASSETS (LIABILITIES)			(64,163)		10,457

TOTAL ASSETS LESS CURRENT LIABILITIES			51,283		83,968

Creditors: Amounts Falling After More Than One Year	4		(45,104)		(19,606)

NET ASSETS			6,179		64,362

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss account			6,079		64,262

SHAREHOLDERS' FUNDS			6,179		64,362

For the year ending 28 February 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Nigel David Bearman

04/09/2015

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Intangible Fixed Assets and Amortisation - Goodwill

Intangible Fixed Assets and Amortisation - Other Intangible

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Writing down value
Fixtures & Fittings	25% Writing down value
Computer Equipment	25% Writing down value

Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

Page 3

21st Century Franchising Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 28 February 2015

Intangible Assets


	Total
Cost	£
As at 1 March 2014	6,554

As at 28 February 2015	6,554

Net Book Value
As at 28 February 2015	6,554

As at 1 March 2014	6,554

Tangible Assets


	Total
Cost	£
As at 1 March 2014	107,304
Additions	92,489
Disposals	(33,329)

As at 28 February 2015	166,464

Depreciation
As at 1 March 2014	40,347
Provided during the period	33,890
Disposals	(16,665)

As at 28 February 2015	57,572

Net Book Value
As at 28 February 2015	108,892

As at 1 March 2014	66,957

Creditors: Amounts Falling After More Than One Year

	2015	2014
	£	£
Net obligations under finance lease and hire purchase contracts	45,104	19,606

Page 4

21st Century Franchising Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 28 February 2015

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	100	100	100