Reverberate Limited - Limited company - abbreviated - 11.6
Reverberate Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2014 |
| FOR |
| REVERBERATE LIMITED |
| REVERBERATE LIMITED (REGISTERED NUMBER: 07328262) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| REVERBERATE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| REVERBERATE LIMITED (REGISTERED NUMBER: 07328262) |
| ABBREVIATED BALANCE SHEET |
| 31 AUGUST 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| REVERBERATE LIMITED (REGISTERED NUMBER: 07328262) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared on the basis that the company will continue to be a going |
| concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the |
| value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify |
| fixed assets and long term liabilities as current assets and liabilities. |
| 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 sales of services net of VAT. Turnover is recognised at the point the customer is entitled to |
| consideration. |
| Goodwill |
| Intellectual property |
| Intellectual Property relates to acquisition of trade mark 'Living Control' and some rights to products. These are |
| not amortised as are owned indefinitely. |
| Tangible fixed assets |
| Plant and machinery | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at |
| rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from |
| the inclusion of items of income and expenditure in taxation computations in periods different from those in |
| which they are included in financial statements. Deferred tax is not provided on timing differences arising from |
| the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities |
| are not discounted. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2013 |
| and 31 August 2014 |
| AMORTISATION |
| At 1 September 2013 |
| Amortisation for year |
| At 31 August 2014 |
| NET BOOK VALUE |
| At 31 August 2014 |
| At 31 August 2013 |
| REVERBERATE LIMITED (REGISTERED NUMBER: 07328262) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2013 |
| and 31 August 2014 |
| DEPRECIATION |
| At 1 September 2013 |
| Charge for year |
| At 31 August 2014 |
| NET BOOK VALUE |
| At 31 August 2014 |
| At 31 August 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 143 | 143 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year M A Hogbin increased his loan to the company. As at 31 August 2014 the company owed him |
| £8,541 (2013: £3,212). This balance represented the maximum amount outstanding during the year and the loan |
| is interest free and repayable on demand. |
| Also during the year, the company paid M A Hogbin rent amounting to £750 as a result of utilising office space |
| within his home. |
| 6. | ACCOUNTING BASIS |
| As stated in the accounting policy note, these financial statements have been prepared on the basis that the |
| company will continue to be a going concern. During the year the company made a loss of £17,930, and as at |
| the year end the current liabilities exceeded current assets by £8,311. |
| The validity of this basis depends upon the continued support of the company's directors. The directors confirm |
| that they will give the required support. |