Abbreviated Company Accounts - ECELL GLOBAL LIMITED

ECELL GLOBAL LIMITED - Company Information

05446826 ECELL GLOBAL LIMITED 2014-12-31 false 2014-06-01 2014-12-31 true 05446826 2014-06-01 2014-12-31 05446826 2014-12-31 05446826 2014-05-31 05446826 uk-gaap-cd-bus:Director1 2014-06-01 2014-12-31 05446826 uk-gaap-cd-bus:Director2 2014-06-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 05446826

ECELL GLOBAL LIMITED

Abbreviated Accounts

31 December 2014

ECELL GLOBAL LIMITED Registered Number 05446826

Abbreviated Balance Sheet as at 31 December 2014

	Notes	31/12/2014	31/05/2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	1,139,255	551,179
Investments	3	120,033	92,033
		1,259,288	643,212
Current assets
Stocks		159,073	119,626
Debtors		918,538	1,476,804
Investments		-	-
Cash at bank and in hand		122,573	67,864
		1,200,184	1,664,294
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(1,563,943)	(1,236,343)
Net current assets (liabilities)		(363,759)	427,951
Total assets less current liabilities		895,529	1,071,163
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		(51,448)	(58,617)
Accruals and deferred income		0	0
Total net assets (liabilities)		844,081	1,012,546
Capital and reserves
Called up share capital	4	471,000	471,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		373,081	541,546
Shareholders' funds		844,081	1,012,546

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 23 September 2015

And signed on their behalf by:
Cem Celikkol, Director

ECELL GLOBAL LIMITED Registered Number 05446826

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 the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties 10 years straight line
Plant and machinery 33% straight line
Fixtures and fittings 15% reducing balance
Computer software 20% straight line

Valuation information and policy
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the period.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of transactions. All differences are taken to the Profit and Loss account.

Other accounting policies
Group accounts
The company is entitled to the exemption under Section 398 of teh Companies Act 2006 from the obligation to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 June 2014	975,802
Additions	743,207
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2014	1,719,009
Depreciation
At 1 June 2014	424,623
Charge for the year	155,131
On disposals	0
At 31 December 2014	579,754
Net book values
At 31 December 2014	1,139,255
At 31 May 2014	551,179

3Fixed assets Investments
Cost
At 1 June 2014 92,033
Additions 28,000
At 31 December 2014 120,033

Holding of 20% or more
The company holds 20% or more of the share capital of the following companies:

Subsidiary undertaking Country of registration Nature of business Shares held %
or incorporation Class

Ecell Global Inc. USA Telecommunications Common stock 100
Ecell Global Srl Italy Telecommunications Ordinary 100
Ecell Global GmbH Germany Telecommunications Ordinary 100

4Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2014 £	31/05/2014 £
471,000 Ordinary shares of £1 each	471,000	471,000