STUDYVOX_UK_LIMITED - Accounts

STUDYVOX UK LIMITED - Company Information

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Company Registration No. 06791259 (England and Wales)

STUDYVOX UK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

STUDYVOX UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

STUDYVOX UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

3,079

4,105

Current assets

Debtors

437,070

399,198

Cash at bank and in hand

437,070

399,233

Creditors: amounts falling due within one year

(957,757)

(917,621)

Net current liabilities

(520,687)

(518,388)

Total assets less current liabilities

(517,608)

(514,283)

Capital and reserves

Called up share capital

Profit and loss account

(517,609)

(514,284)

Shareholders' funds

(517,608)

(514,283)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2015

Ms Sara Martin

Director

Company Registration No. 06791259

STUDYVOX UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is dependent upon the continued support of the directors, who ultimately control the company. The directors have indicated their willingness to provide their support and accordingly these financial statements have been prepared on a going concern basis.

1.2

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).

1.3

Tangible fixed assets and depreciation

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:

Land and buildings Leasehold

4 years

IT equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 January 2014 & at 31 December 2014

29,607

Depreciation

At 1 January 2014

25,502

Charge for the year

1,026

At 31 December 2014

26,528

Net book value

At 31 December 2014

3,079

At 31 December 2013

4,105

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary of £1 each

STUDYVOX UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Ultimate parent company

StudyVox UK Limited is wholly owned by Online Digital Broadcasting Limited, a company registered in England and Wales. The ultimate controlling parties are Sara Martin, Kevin Martin and Sanne Group (trustees) by virtue of their equal shareholding in Online Digital Broadcasting Limited.