A Head Of It Ltd 04658922 false true 2013-03-01 2014-06-24 2014-06-24 04658922 2013-03-01 2014-06-24 04658922 2014-06-24 04658922 uk-bus:OrdinaryShareClass1 2014-06-24 04658922 uk-bus:Director1 2013-03-01 2014-06-24 04658922 uk-bus:OrdinaryShareClass1 2013-03-01 2014-06-24 04658922 uk-bus:EntityAccountantsOrAuditors 2013-03-01 2014-06-24 04658922 uk-gaap:PositiveGoodwill 2013-03-01 2014-06-24 04658922 uk-gaap:PlantMachinery 2013-03-01 2014-06-24 04658922 2013-02-28 04658922 2013-02-28 04658922 uk-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP xbrli:shares

Registration number: 04658922

A Head Of It Ltd
 
  Unaudited Abbreviated Accounts
 
  for the Period from 1 March 2013 to 24 June 2014

 

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

A Head Of It Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

A Head Of It Ltd
(Registration number: 04658922)
Abbreviated Balance Sheet at 24 June 2014

   

Note

    

24 June 2014
£

    

28 February 2013
£

  

Fixed assets

  

             

Tangible fixed assets

  

   

-

    

1,565

 

Current assets

  

             

Stocks

  

   

-

    

1,000

 

Debtors

  

   

6

   

-

  

Cash at bank and in hand

  

   

-

    

10,190

 
   

   

6

   

11,190

 

Creditors: Amounts falling due within one year

  

   

-

    

(11,554)

 

Net current assets/(liabilities)

  

   

6

   

(364)

 

Net assets

  

   

6

   

1,201

 

Capital and reserves

  

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

  

   

5

   

1,200

 

Shareholders' funds

  

   

6

   

1,201

 

For the year ending 24 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 16 September 2014

.........................................
Mr Peter James Kings
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

A Head Of It Ltd
Notes to the Abbreviated Accounts for the Period from 1 March 2013 to 24 June 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Goodwill is being amortised over its estimated useful life.

Asset class

Amortisation method and rate

Goodwill

evenly over 10 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation , less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

 

A Head Of It Ltd
Notes to the Abbreviated Accounts for the Period from 1 March 2013 to 24 June 2014
......... continued

2

Fixed assets

   

Intangible assets
£

    

Tangible assets
£

    

Total
£

  

Cost

                  

At 1 March 2013

  

55,000

    

6,935

    

61,935

  

Disposals

  

-

    

(6,935)

   

(6,935)

 

At 24 June 2014

  

55,000

    

-

    

55,000

  

Depreciation

                  

At 1 March 2013

  

55,000

    

5,370

    

60,370

  

Eliminated on disposals

  

-

    

(5,370)

   

(5,370)

 

At 24 June 2014

  

55,000

    

-

    

55,000

  

Net book value

                  

At 24 June 2014

  

-

    

-

    

-

  

At 28 February 2013

  

-

    

1,565

   

1,565

 

3

Share capital

Allotted, called up and fully paid shares

 

24 June 2014

28 February 2013

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1

   

1

   

1

   

1

 
                         

Page 3