Generic Licensing Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06703285 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Generic Licensing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D K Bilton

A Cox

SECRETARY:

Mrs E Bilton

REGISTERED OFFICE:

The Old Police Station

Church Street

Swadlincote

Derbyshire

DE11 8LN

REGISTERED NUMBER:

06703285 (England and Wales)

FIXED ASSETS

Intangible assets

2

117,000

117,000

CURRENT ASSETS

Debtors

3

34,577

50,763

Cash at bank

6,399

10,157

40,976

60,920

CREDITORS

Amounts falling due within one year

116,776

103,749

NET CURRENT LIABILITIES

(75,800

)

(42,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,200

74,171

CREDITORS

Amounts falling due after more than one year

-

2,974

NET ASSETS

41,200

71,197

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

117,000

117,000

Profit and loss account

(75,802

)

(45,805

)

SHAREHOLDERS' FUNDS

41,200

71,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 28 September 2015 and were signed on its behalf by:

A Cox - Director

1.	ACCOUNTING POLICIES

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 services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

117,000

NET BOOK VALUE

At 31 December 2014

117,000

At 31 December 2013

117,000

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 4,389 (31.12.13 - £ 22,000 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

1

2

2