Utelly Limited - Limited company - abbreviated - 11.9

Utelly Limited - Limited company - abbreviated - 11.9

UTELLY LIMITED - Company Information

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REGISTERED NUMBER: 08466031 (England and Wales)


















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Utelly Limited

Utelly Limited (Registered number: 08466031)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Utelly Limited (Registered number: 08466031)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,858 -

CURRENT ASSETS
Debtors 10,271 -
Cash at bank and in hand 530,549 10
540,820 10
CREDITORS
Amounts falling due within one year 9,219 -
NET CURRENT ASSETS 531,601 10
TOTAL ASSETS LESS CURRENT
LIABILITIES
533,459
10

CAPITAL AND RESERVES
Called up share capital 3 16 10
Share premium 709,994 -
Profit and loss account (176,551 ) -
SHAREHOLDERS' FUNDS 533,459 10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 October 2015 and were signed on its behalf by:





R J M Eude - Director


The notes form part of these abbreviated accounts

Page 1
Utelly Limited (Registered number: 08466031)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

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 the total invoice value, excluding value added tax, of sales made during the year.

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.

Computer equipment - 25% on reducing balance

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. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 2,477
At 31 March 2015 2,477
DEPRECIATION
Charge for year 619
At 31 March 2015 619
NET BOOK VALUE
At 31 March 2015 1,858

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
113,470 Ordinary £0.0001 11 10
45,848 Seed Preference £0.0001 5 -
16 10

Page 2 continued...
Utelly Limited (Registered number: 08466031)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. CALLED UP SHARE CAPITAL - continued

The following fully paid shares were allotted during the year at a premium as shown below:

13,009 Ordinary shares of £0.0001 each at £12.11 per share
45,848 Seed Preference shares of £0.0001 each at £12.11 per share

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2015 and the period
ended 31 March 2014:

2015 2014
£    £   
R J M Eude
Balance outstanding at start of year - -
Amounts advanced 100 -
Amounts repaid (180 ) -
Balance outstanding at end of year (80 ) -

V Carbonie
Balance outstanding at start of year - -
Amounts repaid (180 ) -
Balance outstanding at end of year (180 ) -

Page 3