Abbreviated Company Accounts - ABUZZ (NORTH EAST) LIMITED

06069865 ABUZZ (NORTH EAST) LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 06069865 2014-03-01 2015-02-28 06069865 2015-02-28 06069865 2014-02-28 06069865 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 06069865 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2014-02-28 iso4217:GBP shares

Registered Number 06069865

ABUZZ (NORTH EAST) LIMITED

Abbreviated Accounts

28 February 2015

ABUZZ (NORTH EAST) LIMITED Registered Number 06069865

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	248,179	250,419
		248,179	250,419
Current assets
Stocks		5,873	13,028
Debtors		82,214	163,423
Cash at bank and in hand		306	201
		88,393	176,652
Creditors: amounts falling due within one year		(130,877)	(186,704)
Net current assets (liabilities)		(42,484)	(10,052)
Total assets less current liabilities		205,695	240,367
Creditors: amounts falling due after more than one year		(159,692)	(166,166)
Total net assets (liabilities)		46,003	74,201
Capital and reserves
Called up share capital	3	1,100	1,100
Revaluation reserve		47,210	47,210
Profit and loss account		(2,307)	25,891
Shareholders' funds		46,003	74,201

For the year ending 28 February 2015 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 directors acknowledge their 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 Board on 9 June 2015

And signed on their behalf by:
J Jamison, Director

ABUZZ (NORTH EAST) LIMITED Registered Number 06069865

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 15% straight line

Valuation information and policy
Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Other accounting policies
Going concern

The Company's financial statements for the year ended 28th February 2015 have been prepared on a going concern basis as, after making the appropriate enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future.

2Tangible fixed assets

	£
Cost
At 1 March 2014	272,625
Additions	3,751
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	276,376
Depreciation
At 1 March 2014	22,206
Charge for the year	5,991
On disposals	-
At 28 February 2015	28,197
Net book values
At 28 February 2015	248,179
At 28 February 2014	250,419

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000
100 B Ordinary shares of £1 each	100	100