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Registration number: 08711077

Effortless Energy Ltd

Unaudited Abbreviated Accounts

for the Period from 30 September 2013 to 30 September 2014

Howsons Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Effortless Energy Ltd
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

Effortless Energy Ltd
(Registration number: 08711077)
Abbreviated Balance Sheet at 30 September 2014

   

Note

   

30 September 2014
£

 

Fixed assets

 

       

Tangible fixed assets

 

   

923

 

Current assets

 

       

Debtors

 

   

585

 

Cash at bank and in hand

 

   

21,576

 
   

   

22,161

 

Creditors: Amounts falling due within one year

 

   

(1,503)

 

Net current assets

 

   

20,658

 

Total assets less current liabilities

 

   

21,581

 

Creditors: Amounts falling due after more than one year

 

   

(30,000)

 

Net liabilities

 

   

(8,419)

 

Capital and reserves

 

       

Called up share capital

 

3

   

1

 

Profit and loss account

 

   

(8,420)

 

Shareholders' deficit

 

   

(8,419)

 

For the year ending 30 September 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 .

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

Effortless Energy Ltd
(Registration number: 08711077)
Abbreviated Balance Sheet at 30 September 2014
......... continued

Approved by the Board on 28 April 2015 and signed on its behalf by:

.........................................
Mr Burns
Director

.........................................
Mrs Burns
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Effortless Energy Ltd
Notes to the Abbreviated Accounts for the Period from 30 September 2013 to 30 September 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).

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

Office equipment

20% Straight Line

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.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

Additions

 

1,154

   

1,154

 

At 30 September 2014

 

1,154

   

1,154

 

Depreciation

           

Charge for the period

 

231

   

231

 

At 30 September 2014

 

231

   

231

 

Net book value

           

At 30 September 2014

 

923

   

923

 
 

Effortless Energy Ltd
Notes to the Abbreviated Accounts for the Period from 30 September 2013 to 30 September 2014
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

30 September 2014

   

No.

   

£

 

Ordinary share of £0.01 each

 

100

   

1

 
             

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1 .

4

Going concern

The company expect to start making sales in 2015. Until this time the directors will continue to support the company, therefore the accounts have been prepared on a going concern basis.