Abbreviated Company Accounts - BOUNDARY COMMUNICATIONS LTD

BOUNDARY COMMUNICATIONS LTD - Company Information

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Registered Number 05318922

BOUNDARY COMMUNICATIONS LTD

Abbreviated Accounts

31 December 2014

BOUNDARY COMMUNICATIONS LTD Registered Number 05318922

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	64,000	72,000
Tangible assets	3	3,929	727
Investments	4	1	1
		67,930	72,728
Current assets
Stocks		-	1,000
Debtors		276,655	162,418
Cash at bank and in hand		49,284	39,238
		325,939	202,656
Creditors: amounts falling due within one year		(253,226)	(154,334)
Net current assets (liabilities)		72,713	48,322
Total assets less current liabilities		140,643	121,050
Creditors: amounts falling due after more than one year		(79,940)	(79,940)
Total net assets (liabilities)		60,703	41,110
Capital and reserves
Called up share capital		200	200
Share premium account		6,990	6,990
Profit and loss account		53,513	33,920
Shareholders' funds		60,703	41,110

For the year ending 31 December 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 21 April 2015

And signed on their behalf by:
J M Stere, Director

BOUNDARY COMMUNICATIONS LTD Registered Number 05318922

Notes to the Abbreviated Accounts for the period ended 31 December 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 represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows

Plant and machinery – 25% reducing balance
Computer equipment – 25 % reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life

Other accounting policies
Investments

Fixed asset investments are stated at cost less provision for diminution in value

Stock

Stock is valued at the lower of cost and net realisable value.

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts

2Intangible fixed assets

	£
Cost
At 1 January 2014	80,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	80,000
Amortisation
At 1 January 2014	8,000
Charge for the year	8,000
On disposals	-
At 31 December 2014	16,000
Net book values
At 31 December 2014	64,000
At 31 December 2013	72,000

3Tangible fixed assets

	£
Cost
At 1 January 2014	3,932
Additions	4,511
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	8,443
Depreciation
At 1 January 2014	3,205
Charge for the year	1,309
On disposals	-
At 31 December 2014	4,514
Net book values
At 31 December 2014	3,929
At 31 December 2013	727

4Fixed assets Investments
The company holds 100% of the Ordinary shares of Indigo Forward Limited (registered in England) which was dormant throughout the year The aggregate amount of capital and reserves of this undertaking for the last relevant financial year was £1

5Transactions with directors

Name of director receiving advance or credit:	J M Stere
Description of the transaction:	Advance
Balance at 1 January 2014:	£ 26,300
Advances or credits made:	£ 51,600
Advances or credits repaid:	£ 50,000
Balance at 31 December 2014:	£ 27,900

Name of director receiving advance or credit:	E D Stere
Description of the transaction:	Advance
Balance at 1 January 2014:	£ 37,407
Advances or credits made:	£ 51,800
Advances or credits repaid:	£ 46,100
Balance at 31 December 2014:	£ 43,107