Abbreviated Company Accounts - SAFARI MOBILE (UK) LTD

Abbreviated Company Accounts - SAFARI MOBILE (UK) LTD


Registered Number 04132964

SAFARI MOBILE (UK) LTD

Abbreviated Accounts

31 March 2015

SAFARI MOBILE (UK) LTD Registered Number 04132964

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 50,000 -
Tangible assets 3 15,043 10,692
65,043 10,692
Current assets
Debtors 2,891,556 2,018,493
Cash at bank and in hand 480,002 493,164
3,371,558 2,511,657
Creditors: amounts falling due within one year (1,346,893) (1,140,697)
Net current assets (liabilities) 2,024,665 1,370,960
Total assets less current liabilities 2,089,708 1,381,652
Total net assets (liabilities) 2,089,708 1,381,652
Capital and reserves
Called up share capital 1,500 1,500
Profit and loss account 2,088,208 1,380,152
Shareholders' funds 2,089,708 1,381,652
  • For the year ending 31 March 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 31 December 2015

And signed on their behalf by:
S P L Blackburn, Director

SAFARI MOBILE (UK) LTD Registered Number 04132964

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention.

Turnover policy
Turnover represents net invoiced sales for providing technology platforms and mobile communications access, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on net book value
Fixtures and fittings - 33% on net book value
The carrying value of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Intangible assets amortisation policy
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intellectual property rights
IPR rights are amortised over their estimated useful life at 12.5% per annum on cost.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Intangible fixed assets
£
Cost
At 1 April 2014 2,439,216
Additions 50,000
Disposals -
Revaluations -
Transfers -
At 31 March 2015 2,489,216
Amortisation
At 1 April 2014 2,439,216
Charge for the year -
On disposals -
At 31 March 2015 2,439,216
Net book values
At 31 March 2015 50,000
At 31 March 2014 0
3Tangible fixed assets
£
Cost
At 1 April 2014 368,369
Additions 11,760
Disposals -
Revaluations -
Transfers -
At 31 March 2015 380,129
Depreciation
At 1 April 2014 357,677
Charge for the year 7,409
On disposals -
At 31 March 2015 365,086
Net book values
At 31 March 2015 15,043
At 31 March 2014 10,692