Abbreviated Company Accounts - EXTREMIS TECHNOLOGY LIMITED

EXTREMIS TECHNOLOGY LIMITED - Company Information

07133802 EXTREMIS TECHNOLOGY LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 07133802 2014-02-01 2015-01-31 07133802 2015-01-31 07133802 2014-01-31 07133802 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 07133802 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 07133802

EXTREMIS TECHNOLOGY LIMITED

Abbreviated Accounts

31 January 2015

EXTREMIS TECHNOLOGY LIMITED Registered Number 07133802

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	13,113	5,545
Tangible assets	3	188	-
		13,301	5,545
Current assets
Debtors		28,891	12,391
Cash at bank and in hand		3,104	23,995
		31,995	36,386
Creditors: amounts falling due within one year		(9,851)	(1,523)
Net current assets (liabilities)		22,144	34,863
Total assets less current liabilities		35,445	40,408
Creditors: amounts falling due after more than one year		(75,000)	(75,000)
Total net assets (liabilities)		(39,555)	(34,592)
Capital and reserves
Called up share capital	4	1,095	1,100
Share premium account		277,905	94,900
Profit and loss account		(318,555)	(130,592)
Shareholders' funds		(39,555)	(34,592)

For the year ending 31 January 2015 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 29 October 2015

And signed on their behalf by:
Mark Aspinall, Director

EXTREMIS TECHNOLOGY LIMITED Registered Number 07133802

Notes to the Abbreviated Accounts for the period ended 31 January 2015

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.

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:

Fixtures, fittings
and equipment - 33% reducing balance

Intangible assets amortisation policy
Where patent expenditure is capitalised, it is amortised in accordance with the expected term of the income streams. Amortisation does not commence until the income from the relevant project companies begins.

Other accounting policies
Going concern

The directors are confident that although the balance sheet is currently in deficit, Extremis Technology Ltd is a going concern and are currently in the process of refinancing/restructuring.

Transactions with directors

M Aspinall, director and shareholder of Thurton Ethical Investments Ltd received £16,500, (2014, £7, 000) from Extremis Technology Ltd for consultancy services in the year. J Glenn and A Gowan, directors and shareholders of Glen Gowan Consultancy Ltd received £Nil, (2014, £6,000)k from Extremis Technology Ltd for consultancy services in the year. M Aspinall and D Watson, directors and shareholders of 4NRG Ltd received £Nil, (2014, £19,656 for consultancy services and £2,876, (2014,£2,759) for rent and related services from Extremis Technology Ltd in the year. The amount owed to Thurton Etihcal Investments Ltd as at the year end amount to £4, 800. This is included in trade creditors.

2Intangible fixed assets

	£
Cost
At 1 February 2014	5,545
Additions	7,568
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	13,113
Amortisation
At 1 February 2014	-
Charge for the year	-
On disposals	-
At 31 January 2015	-
Net book values
At 31 January 2015	13,113
At 31 January 2014	5,545

3Tangible fixed assets

	£
Cost
At 1 February 2014	-
Additions	280
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	280
Depreciation
At 1 February 2014	-
Charge for the year	92
On disposals	-
At 31 January 2015	92
Net book values
At 31 January 2015	188
At 31 January 2014	-

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

	2015 £	2014 £
1,095 Ordinary shares of £1 each (1,100 shares for 2014)	1,095	1,100

130 Ordinary shares were issued in the year at a premium of £182,870.

135 Ordinary shares were cancelled in the period.