That Device Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07538198 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

That Device Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J Kazimi

Mr H Nwana

Mr J B Douglas

Mr M Parsons

Mr J Hopper

Mr I M Nolan

REGISTERED OFFICE:

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

REGISTERED NUMBER:

07538198 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

2

6,162

9,714

CURRENT ASSETS

Stocks

6,373

9,639

Debtors

279,733

155,615

Cash at bank and in hand

646,679

8,391

932,785

173,645

CREDITORS

Amounts falling due within one year

(137,432

)

(191,710

)

NET CURRENT ASSETS/(LIABILITIES)

795,353

(18,065

)

TOTAL ASSETS LESS CURRENT LIABILITIES

801,515

(8,351

)

CAPITAL AND RESERVES

Called up share capital

3

5,504

3,077

Share premium

2,971,968

1,232,301

Profit and loss account

(2,175,957

)

(1,243,729

)

SHAREHOLDERS' FUNDS

801,515

(8,351

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 27 July 2015 and were signed on its behalf by:

Mr J Kazimi - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis as in the opinion of the directors the company

has sufficient finance available to it to meet its obligations as they fall due for the foreseeable

future, that is at least 12 months from the date of approval of the accounts.

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 goods and services, excluding value added tax, except in

respect of service contracts where turnover is recognised when the company obtains the right to

consideration.

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

-

15% on cost

Computer equipment

-

33% on cost

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

23,455

Additions

6,240

Disposals

(8,503

)

At 31 March 2015

21,192

DEPRECIATION

At 1 April 2014

13,741

Charge for year

5,827

Eliminated on disposal

(4,538

)

At 31 March 2015

15,030

NET BOOK VALUE

At 31 March 2015

6,162

At 31 March 2014

9,714

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.1 5

31.3.1 4

Value:

£

£

452,816

Ordinary

1p

4,528

3,033

4,400

B Ordinary

1p

44

44

93,235

Series A

1p

932

-

5,504

3,077

A total of 149,498 (2014: 67,681) Ordinary shares of 1p each were issued during the period at the

following premiums:

Shares

Premium per

share

108,943

£5.59

40,555

£8.99

A total of 93,235 Series A shares of 1p each were issued during the period at the following

premiums:

Shares

Premium per

share

93,235

£8.99

On a return of assets, liquidation, capital reduction, or otherwise, the assets of the company

available for distribution amongst shareholders will be applied equally between all three share

classes. The shareholders of the 'B' Ordinary Shares shall not be entitled to receive or to exercise

voting rights in respect of, any written resolution of the Company. The Series A Shares and the

Ordinary Shares shall rank pari passu in all respects but shall constitute separate classes of shares.

The holders of each share class shall be entitled to, in proportion to the respective number of fully

paid shares, any unpaid arrears and accruals of participating dividends relating to their share class

solely.

The holders of any Series A Shares shall be entitled to covert into Ordinary Shares;

a) on the date of a notice given by the Series A Investor Majority

b) immediately prior to the occurrence of a Qualifying IPO

The holders of the B Ordinary Shares shall be entitled to convert into Ordinary Shares ;

a) immediately prior to the occurrence of a Qualifying IPO

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2015 and

the period ended 31 March 2014:

31.3.15

31.3.14

£

£

Mr J Kazimi

Balance outstanding at start of year

1,354

1,767

Amounts advanced

6,873

37,607

Amounts repaid

(1,906

)

(38,020

)

Balance outstanding at end of year

6,321

1,354