Granted Energy Ltd - Limited company - abbreviated - 11.6
Granted Energy Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| GRANTED ENERGY LTD |
| PREVIOUSLY KNOWN AS |
| I-ON SOFTWARE LIMITED |
| GRANTED ENERGY LTD (REGISTERED NUMBER: 08082681) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 MARCH 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| GRANTED ENERGY LTD |
| COMPANY INFORMATION |
| for the Year Ended 31 MARCH 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| GRANTED ENERGY LTD (REGISTERED NUMBER: 08082681) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| 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. |
| GRANTED ENERGY LTD (REGISTERED NUMBER: 08082681) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2015 |
| The financial statements were approved by the Board of Directors on |
| GRANTED ENERGY LTD (REGISTERED NUMBER: 08082681) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 MARCH 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis, which assumes that the company will |
| continue to trade into the foreseeable future. |
| The company has net liabilities of £17,691 at 31 March 2015. The company is reliant on the support of its |
| creditors to continue trading. The majority of the creditors are made up of loans which do not have terms of |
| repayment or which are not required to be paid within the next twelve months. |
| It is the directors expectation that the company will continue to trade into the foreseeable future. |
| 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 services, excluding value added tax, except in respect of service |
| contracts where turnover is recognised when the company obtains the right to consideration. |
| Intangible fixed assets |
| Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, |
| over their expected useful economic life of 20 years (5% straight line). |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Research and development |
| Development expenditure incurred on an individual project is carried forward when its future recoverability can |
| reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future |
| sales from the related project. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| GRANTED ENERGY LTD (REGISTERED NUMBER: 08082681) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 MARCH 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| AMORTISATION |
| At 1 April 2014 |
| Amortisation for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
| value: | £ | £ |
| Ordinary | £0.10 |
| 6. | ULTIMATE PARENT COMPANY |
| GRANTED ENERGY LTD (REGISTERED NUMBER: 08082681) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 MARCH 2015 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 March 2015 and |
| 31 March 2014: |
| 31.3.15 | 31.3.14 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Included within other creditors is the total amount of loans owed to the directors by the company as at 31 March |
| 2015 of £Nil (2014: £9,533). |
| Included within other debtors is the total amount of loans owed by the directors to the company as at 31 March |
| 2015 of £31 (2014: £30). |
| All overdrawn loans are subject to interest charged at the official rate. There are no terms of repayment on any |
| of the outstanding loans by the company or to the company. |