Abbreviated Company Accounts - KLICK2CONTACT EU LTD

ECKOH OMNI LIMITED - Company Information

07553916 KLICK2CONTACT EU LTD 2014-12-31 false 2014-01-01 2014-12-31 true 07553916 2014-01-01 2014-12-31 07553916 2014-12-31 07553916 2013-12-31 07553916 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07553916 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 07553916

KLICK2CONTACT EU LTD

Abbreviated Accounts

31 December 2014

KLICK2CONTACT EU LTD Registered Number 07553916

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	242,178	259,206
		242,178	259,206
Current assets
Debtors		325,378	186,366
Cash at bank and in hand		126,551	191,262
		451,929	377,628
Creditors: amounts falling due within one year		(81,266)	(90,738)
Net current assets (liabilities)		370,663	286,890
Total assets less current liabilities		612,841	546,096
Creditors: amounts falling due after more than one year		(38,580)	(83,580)
Total net assets (liabilities)		574,261	462,516
Capital and reserves
Called up share capital	3	920	920
Share premium account		768,589	768,589
Profit and loss account		(195,248)	(306,993)
Shareholders' funds		574,261	462,516

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 26 March 2015

And signed on their behalf by:
G J Pollard, Director

KLICK2CONTACT EU LTD Registered Number 07553916

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 services net of VAT. Turnover is recognised when the service is provided to the customer.

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:
Software development & computer technology - 15% on net book value and 25% on cost respectively

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Foreign currency translation
The financial information is presented in sterling. Monetary assets and liabilities denominated in other currencies are translated into euros 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.

Related party relationships and transactions
Other transactions
During the year the company paid management charges to Bruin Communications Limited a company controlled by G J Pollard, a director and shareholder of the company, to the equivalent of £132,417 (2013:£87,190). There were no amounts outstanding at the balance sheet date in relation to these fees.

During the year the company paid management charges to Markus Pedriks, a director of the company, to the equivalent of £4,000 (2013: £18000), also directors remuneration amounting to £6,000 (2013: £4,500). As at the year end £4,000 (2013:£3,300) was due for payment and is included in trade creditors.

2Tangible fixed assets

	£
Cost
At 1 January 2014	331,696
Additions	33,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	364,696
Depreciation
At 1 January 2014	72,490
Charge for the year	50,028
On disposals	-
At 31 December 2014	122,518
Net book values
At 31 December 2014	242,178
At 31 December 2013	259,206

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
500 Ordinary shares of £1 each	500	500
420 Preference shares of £1 each	420	420

The holders of the preferred shares may elect at any time to convert each share held into one ordinary share. The holders of the preferred shares are entitled to receive all future dividends up to a value defined as the preferred return, being an amount equal to three times the total invested in the company in connection with these shares. The holders of the preferred shares are required to approve certain statutory procedures of the company such as amendments to the Articles of Association, approval of the accounts, approval of dividends, appointment of auditors and other issues as described in Schedule 4 of the shareholders agreement. The shareholders agreement also permits them to be represented on the board by a director.

The holders of the ordinary shares have full voting rights. Their entitlement to dividends is deferred pending satisfaction of the preferred return due to the holders of the preferred shares as described above. Following satisfaction of the preferred return all shareholders rank pari passu in respect of further dividends.