Registered Number 04432210

BOLD INTERNET LIMITED

Abbreviated Accounts

31 May 2014

BOLD INTERNET LIMITED Registered Number 04432210

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 205 273
205 273
Current assets
Debtors 8,234 2,932
Cash at bank and in hand 572 2,882
8,806 5,814
Creditors: amounts falling due within one year (7,933) (6,389)
Net current assets (liabilities) 873 (575)
Total assets less current liabilities 1,078 (302)
Creditors: amounts falling due after more than one year (1,516) -
Total net assets (liabilities) (438) (302)
Capital and reserves
Called up share capital 2 2
Profit and loss account (440) (304)
Shareholders' funds (438) (302)
  • For the year ending 31 May 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 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 5 January 2015

And signed on their behalf by:
A Bold, Director

BOLD INTERNET LIMITED Registered Number 04432210

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is disclosed net of Value Added Tax where applicable, appropriately adjusted for work in progress.

Tangible assets depreciation policy
Depreciation is provided on tangible Fixed Assets so as to write off those assets over their estimated useful lives.

2Tangible fixed assets
£
Cost
At 1 June 2013 6,193
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 6,193
Depreciation
At 1 June 2013 5,920
Charge for the year 68
On disposals -
At 31 May 2014 5,988
Net book values
At 31 May 2014 205
At 31 May 2013 273

Office Equipment is depreciated by 40% in the year of purchase and 25% per annum thereafter.

3Transactions with directors

Name of director receiving advance or credit: A Bold
Description of the transaction: Directors Loan Account
Balance at 1 June 2013: £ 632
Advances or credits made: £ 27,900
Advances or credits repaid: £ 21,167
Balance at 31 May 2014: £ 7,365

These sums include loans made to or by Mrs K Bold, the wife of Mr A Bold.

These loans were repaid on December 31st 2014.