IKinema Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05983680 (England and Wales)

IKinema Limited

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr A Pechev

M Buxton-Hoare

M J Dobres

SECRETARY:

Dr A Pechev

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

REGISTERED NUMBER:

05983680 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

2

3,255

1,224

CURRENT ASSETS

Debtors

11,939

10,564

Cash at bank

50,077

64,158

62,016

74,722

CREDITORS

Amounts falling due within one year

27,718

65,753

NET CURRENT ASSETS

34,298

8,969

TOTAL ASSETS LESS CURRENT LIABILITIES

37,553

10,193

CAPITAL AND RESERVES

Called up share capital

3

104

100

Share premium

3,498

-

Profit and loss account

33,951

10,093

SHAREHOLDERS' FUNDS

37,553

10,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 March 2015 and were signed on its behalf by:

Dr A Pechev - Director

M Buxton-Hoare - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of software and licences, excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

3,419

Additions

4,678

At 30 June 2014

8,097

DEPRECIATION

At 1 July 2013

2,195

Charge for year

2,647

At 30 June 2014

4,842

NET BOOK VALUE

At 30 June 2014

3,255

At 30 June 2013

1,224

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

10,369

Ordinary

1p

104

100

The following shares were issued during the year:

369 Ordinary shares of 1p for cash of £ 3,502