Abbreviated Company Accounts - BLUEMANGO TECHNOLOGIES LIMITED

BLUEMANGO TECHNOLOGIES LIMITED - Company Information

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Registered Number 05923984

BLUEMANGO TECHNOLOGIES LIMITED

Abbreviated Accounts

28 February 2015

BLUEMANGO TECHNOLOGIES LIMITED Registered Number 05923984

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	2	1,002	100,001
		1,002	100,001
Current assets
Debtors		2,422,403	2,047,221
Cash at bank and in hand		35,709	2,407
		2,458,112	2,049,628
Creditors: amounts falling due within one year		(64,940)	(433,956)
Net current assets (liabilities)		2,393,172	1,615,672
Total assets less current liabilities		2,394,174	1,715,673
Creditors: amounts falling due after more than one year		(300,000)	0
Total net assets (liabilities)		2,094,174	1,715,673
Capital and reserves
Called up share capital	3	20,076	17,563
Share premium account		4,720,368	4,244,381
Profit and loss account		(2,646,270)	(2,546,271)
Shareholders' funds		2,094,174	1,715,673

For the year ending 28 February 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 18 November 2015

And signed on their behalf by:
S A Burr, Director

BLUEMANGO TECHNOLOGIES LIMITED Registered Number 05923984

Notes to the Abbreviated Accounts for the period ended 28 February 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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

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:

Plant and machinery - Straight line over 2-3 years

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Going concern
The group has suffered further losses in the year. The Board of Bluemango Technologies Limited continues to fully support all the companies within the Group, both commercially and financially. The Board, representing both substantial personal shareholdings, and in representation of all the shareholders, understands that it continues to have the full support of the shareholders in its drive to continue the growth of the business.

2Fixed assets Investments
Cost
At 1 March 2014 - £508,861
Additions - £1,000
At 28 February - £509,861

Provision for diminution in value
At 1 March 2014 - £408,860
Movement - £99,999
At 28 February 2015 - £508,859

Net book values
At 28 February 2015 - £1,002
At 28 February 2014 - £100,001

Investment details
Subsidiary undertaking - 2015 = £1,002 - 2014 = £100,001

Holdings of 20% or more
The company holds 20% or more of the share capital of the following companies:

Company - Country of registration or incorporation - Nature of business - Shares held Class - %
Cloud9 Mobile Communications Ltd - England - Telecommunications - Ordinary - 100%
Cloud9 Communications Ltd - England - Telecommunications - Ordinary - 100%
Cloud 9 Mobile (SIMS) Ltd - England - Dormant - Ordinary - 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Company - Capital and reserves - Profit for the year
Cloud9 Mobile Communications Ltd - £1 - £331,069
Cloud9 Communications Ltd - £1 - £139,098
Cloud 9 Mobile (SIMS) Ltd - £1,000 - £0

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2,007,600 Ordinary shares of £0.01 each (1,756,300 shares for 2014)	20,076	17,563

4Transactions with directors

Name of director receiving advance or credit:	D G O'Prey
Description of the transaction:	The following directors had interest free loans during the year
Balance at 1 March 2014:	£ 16,741
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 28 February 2015:	£ 16,741