Confabulate Limited - Limited company - abbreviated

REGISTERED NUMBER: 05605939 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 October 2014

for

Confabulate Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A D Redfern

SECRETARY:

Mr I Swycher

REGISTERED OFFICE:

9 Market Row

Saffron Walden

Essex

CB10 1HB

REGISTERED NUMBER:

05605939 (England and Wales)

ACCOUNTANTS:

Sandcroft Management Services Limited

3 Morleys Place

High Street

Sawston

Cambridge

Cambridgeshire

CB22 3TG

FIXED ASSETS

Tangible assets

2

1,900

1,005

CURRENT ASSETS

Debtors

8,946

28,479

Cash at bank

2,423

13,046

11,369

41,525

CREDITORS

Amounts falling due within one year

12,326

15,424

NET CURRENT (LIABILITIES)/ASSETS

(957

)

26,101

TOTAL ASSETS LESS CURRENT
LIABILITIES

943

27,106

CAPITAL AND RESERVES

Called up share capital

3

5

Share premium

845,388

Profit and loss account

(844,450

)

(818,287

)

SHAREHOLDERS' FUNDS

943

27,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 July 2015 and were signed by:

Mr A D Redfern - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery etc

-

33% on a straight line basis

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Development expenditure

Development expenditure is written off to profit and loss account as incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

5,336

Additions

1,631

At 31 October 2014

6,967

DEPRECIATION

At 1 November 2013

4,331

Charge for year

736

At 31 October 2014

5,067

NET BOOK VALUE

At 31 October 2014

1,900

At 31 October 2013

1,005

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

470

'B' Ordinary Shares

0.1p

1

2,137

'C' Ordinary shares

0.1p

2

2,052

'D' ordinary shares

0.1p

2

5

'B', 'C' and 'D' Ordinary Shares in the capital of the company rank pari passu in all respects, subject to the

following:

No business shall be transacted at a general meeting unless a quorum is present. The quorum shall be one B

Shareholder, one C shareholder and one D shareholder in each case in person or by proxy or by duly authorised

corporate representative.

Any holders of a majority of the B shares shall have the right to appoint one director (termed B director), the

holders of a majority of the C shares shall have the right to appoint one director (termed C director), and the

holders of a majority of the D shares shall have the right to appoint one director (termed D director). The quorum

for meetings of the board shall be one of each of the above directors, if appointed.

On return of capital on liquidation the surplus assets of the company remaining after payment of its liabilities

shall be applied; first in paying to the B Shareholders the subscription price of each B share,second in paying the

C Shareholders and D Shareholders the subscription price of each, C share or D share (as applicable), and

thereafter, to the shareholders pro rata their shareholding.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st October 2014 Mr A Redfern a director of the company was owed £9,875 (2013 owed £15,379 )This

loan is interest free, is repayable on demand and is shown in creditors (2013 debtors) amounts falling due within

one year.

Confabulate Limited - Limited company - abbreviated - 11.6

Confabulate Limited - Limited company - abbreviated - 11.6