Abbreviated Company Accounts - MY REWARDS COMPANY LIMITED

MY REWARDS COMPANY LIMITED - Company Information

Registered Number 06301121

MY REWARDS COMPANY LIMITED

Abbreviated Accounts

31 December 2014

MY REWARDS COMPANY LIMITED Registered Number 06301121

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	289,834	289,834
Tangible assets	3	63,957	81,800
		353,791	371,634
Current assets
Debtors		14,575	14,575
Cash at bank and in hand		500	-
		15,075	14,575
Creditors: amounts falling due within one year		(190,633)	(176,393)
Net current assets (liabilities)		(175,558)	(161,818)
Total assets less current liabilities		178,233	209,816
Creditors: amounts falling due after more than one year		(240,097)	(240,097)
Total net assets (liabilities)		(61,864)	(30,281)
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		150,000	150,000
Profit and loss account		(212,864)	(181,281)
Shareholders' funds		(61,864)	(30,281)

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 11 August 2015

And signed on their behalf by:
S Sampson, Director

MY REWARDS COMPANY LIMITED Registered Number 06301121

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 net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 25% Reducing Balance Method

Computer Equipment - 33.3% Straight Line Method

2Intangible fixed assets

	£
Cost
At 1 January 2014	289,834
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	289,834
Amortisation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	289,834
At 31 December 2013	289,834

3Tangible fixed assets

	£
Cost
At 1 January 2014	108,800
Additions	3,702
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	112,502
Depreciation
At 1 January 2014	27,000
Charge for the year	21,545
On disposals	-
At 31 December 2014	48,545
Net book values
At 31 December 2014	63,957
At 31 December 2013	81,800