Abbreviated Company Accounts - ROUTE 62 NETWORKS LIMITED

ROUTE 62 NETWORKS LIMITED - Company Information

06732467 ROUTE 62 NETWORKS LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 06732467 2014-03-01 2015-02-28 06732467 2015-02-28 06732467 2014-02-28 06732467 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 06732467 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 06732467

ROUTE 62 NETWORKS LIMITED

Abbreviated Accounts

28 February 2015

ROUTE 62 NETWORKS LIMITED Registered Number 06732467

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	130,000	170,000
Tangible assets	3	4,084	1,410
		134,084	171,410
Current assets
Debtors		75,455	108,128
Investments		25,276	75,605
		100,731	183,733
Creditors: amounts falling due within one year		(215,934)	(326,662)
Net current assets (liabilities)		(115,203)	(142,929)
Total assets less current liabilities		18,881	28,481
Total net assets (liabilities)		18,881	28,481
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		18,781	28,381
Shareholders' funds		18,881	28,481

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 26 November 2015

And signed on their behalf by:
William Atkinson, Director

ROUTE 62 NETWORKS LIMITED Registered Number 06732467

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 comprises revenue recognised by the company in respect of goods and service supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 20% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit & loss account over its estimated economic life.

2Intangible fixed assets

	£
Cost
At 1 March 2014	200,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	200,000
Amortisation
At 1 March 2014	30,000
Charge for the year	40,000
On disposals	-
At 28 February 2015	70,000
Net book values
At 28 February 2015	130,000
At 28 February 2014	170,000

3Tangible fixed assets

	£
Cost
At 1 March 2014	1,763
Additions	3,694
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	5,457
Depreciation
At 1 March 2014	353
Charge for the year	1,020
On disposals	-
At 28 February 2015	1,373
Net book values
At 28 February 2015	4,084
At 28 February 2014	1,410

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100