MOBILE112 LTD Accounts filed on 31-07-2014

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MOBILE112 LTD

Company Registration Number:
07710878 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st August 2013

End date: 31st July 2014

SUBMITTED

Company Information
for the Period Ended 31st July 2014

Director:		Graham David Bostock
		Flemming Dan Ast
		Rene Simon






Registered office:		Hillcrest West Lane


		East Grinstead
		West Sussex
		RH19 4HH




Company Registration Number:		07710878 (England and Wales)

Abbreviated Balance sheet
As at 31st July 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	2	47,859	37,313
Total fixed assets:		47,859	37,313
Current assets
Debtors:	3	875	362
Cash at bank and in hand:		6,729	8,969
Total current assets:		7,604	9,331
Creditors
Creditors: amounts falling due within one year	4	480	935
Net current assets (liabilities):		7,124	8,396
Total assets less current liabilities:		54,983	45,709
Creditors: amounts falling due after more than one year:	5	12,000	10,000
Total net assets (liabilities):		42,983	35,709

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st July 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	7	29,299	29,299
Profit and Loss account:		13,684	6,410
Total shareholders funds:		42,983	35,709

For the year ending 31 July 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 financial statements were approved by the Board of Directors on 03 March 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Graham David Bostock
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

Turnover policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Land & Buildings 0% on cost per annum, Plant & Equipment 10% on cost per annum, Fixtures & Fittings 20% on cost per annum, Office Equipment (primarily computer software) 0% on cost per annum, Motor Vehicles 25% on cost per annum.

Intangible fixed assets amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy

Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

2. Tangible assets

	Total
Cost	£
At 01st August 2013:	37,313
Additions:	10,546
At 31st July 2014:	47,859
Net book value
At 31st July 2014:	47,859
At 31st July 2013:	37,313

On 19th March 2012, mobile112 Ltd purchased the source code and Intellectual Property Rights of mobile112 software from the developers, Bostock Software Development & Consultancy Ltd for the sum of £20,000. This software will be maintained by mobile112 Ltd, and has not been depreciated as we believe it retains its original value. In the current year the task of porting this software for its use on Apple devices continued as well as general enhancements to the Android version of the software. Again this is not depreciated as we believe its value will exceed the development cost incurred.

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

3. Debtors

	2014 £	2013 £
Trade debtors:	776	263
Other debtors:	99	99
Total:	875	362

The total value of Long Term Debtors (in other debtors noted above) falling due in more than one year is £99.00

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

4. Creditors: amounts falling due within one year

	2014 £	2013 £
Trade creditors:	480	935
Total:	480	935

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

5. Creditors: amounts falling due after more than one year

	2014 £	2013 £
Other creditors:	12,000	10,000
Total:	12,000	10,000

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

7. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	173	169.36 169.36	29,299
Total share capital:			29,299

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	173	169.36 169.36	29,299
Total share capital:			29,299

Actual total share capital is 29,300

MOBILE112 LTD Accounts filed on 31-07-2014