Advantage Software Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08400854 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2015

for

Advantage Software Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr G D B Wiley

REGISTERED OFFICE:

86 Rosebank

Holyport Road

London

SW6 6LJ

REGISTERED NUMBER:

08400854 (England and Wales)

ACCOUNTANTS:

RHK Business Advisers LLP

Chartered Accountants

and Business Advisers

Coburg House

1 Coburg Street

Gateshead

Tyne & Wear

NE8 1NS

FIXED ASSETS

Intangible assets

2

4,672

5,340

CURRENT ASSETS

Cash at bank and in hand

978

1,123

CREDITORS

Amounts falling due within one year

6,789

24,851

NET CURRENT LIABILITIES

(5,811

)

(23,728

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,139

)

(18,388

)

CAPITAL AND RESERVES

Called up share capital

3

1,373

1,350

Share premium

22,977

-

Profit and loss account

(25,489

)

(19,738

)

SHAREHOLDERS' FUNDS

(1,139

)

(18,388

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 November 2015 and were signed by:

Mr G D B Wiley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis due to the continued support of the other

creditors.

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Trade marks

Trade marks are valued at cost and are being amortised over 8 years to the end of the trade mark.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised

in respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the

timing differences are expected to reverse, based on tax rates and laws that have been enacted by the

balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

5,340

AMORTISATION

Amortisation for year

668

At 28 February 2015

668

NET BOOK VALUE

At 28 February 2015

4,672

At 28 February 2014

5,340

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

NIL

Ordinary shares

£1

-

1,350

135,000

A Ordinary

0.1p

135

-

1,215,000

B Ordinary

0.1p

1,215

-

23,000

C Ordinary

0.1p

23

-

1,373

1,350

The following shares were issued during the year:

23,000 C Ordinary shares of 0.1p for cash of £ 23,000