Get LicensedLtd - Limited company - abbreviated - 11.6

Get LicensedLtd - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07154333 (England and Wales)









Abbreviated Unaudited Accounts

for the Year Ended 28 February 2015

for

Get Licensed Ltd

Get Licensed Ltd (Registered number: 07154333)






Contents of the Abbreviated Accounts
for the Year Ended 28 February 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Get Licensed Ltd

Company Information
for the Year Ended 28 February 2015







DIRECTOR: Ms Madiha Adil





REGISTERED OFFICE: Tower Bridge Business Centre
46-48 East Smithfield
London
E1W 1AW





REGISTERED NUMBER: 07154333 (England and Wales)





ACCOUNTANTS: Danmirr Consultants
Business Advisors
170 Church Road
Mitcham
Surrey
CR4 3BW

Get Licensed Ltd (Registered number: 07154333)

Abbreviated Balance Sheet
28 February 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 570,865 376,407
Tangible assets 3 16,057 15,599
586,922 392,006

CURRENT ASSETS
Debtors 5,356 7,435
Cash at bank 29,196 98,222
34,552 105,657
CREDITORS
Amounts falling due within one year 495,056 396,513
NET CURRENT LIABILITIES (460,504 ) (290,856 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,418

101,150

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 126,318 101,050
SHAREHOLDERS' FUNDS 126,418 101,150

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 her 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 18 November 2015 and were signed by:





Ms Madiha Adil - Director


Get Licensed Ltd (Registered number: 07154333)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 March 2014 383,009
Additions 201,060
At 28 February 2015 584,069
AMORTISATION
At 1 March 2014 6,602
Amortisation for year 6,602
At 28 February 2015 13,204
NET BOOK VALUE

At 28 February 2015 570,865
At 28 February 2014 376,407

Get Licensed Ltd (Registered number: 07154333)

Notes to the Abbreviated Accounts - continued
for the Year Ended 28 February 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014 22,074
Additions 4,473
At 28 February 2015 26,547
DEPRECIATION
At 1 March 2014 6,475
Charge for year 4,015
At 28 February 2015 10,490
NET BOOK VALUE
At 28 February 2015 16,057
At 28 February 2014 15,599

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary 1 100 100