Mojolife Limited - Period Ending 2015-10-31

Mojolife Limited
Abbreviated Balance Sheet
31 October 2015

 

Company Registration Number: 07543721

		Note			2015 £			2014 £
Fixed assets		2
Tangible fixed assets					1,026			1,368
Current assets
Debtors					1,404			5,588
Cash at bank and in hand					4,545			2,935
					5,949			8,523
Creditors: Amounts falling due within one year					(4,099)			(6,349)
Net current assets					1,850			2,174
Net assets					2,876			3,542
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					2,776			3,442
Shareholders' funds					2,876			3,542

For the year ending 31 October 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.

Approved by the Board on 4 January 2016
and signed on its behalf by:

S L Knowles
Director

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Mojolife Limited
Notes to the Abbreviated Accounts
Year Ended 31 October 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment

25% on reducing balances

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		3,233			3,233
At 31 October 2015		3,233			3,233
Depreciation
At 1 November 2014		1,865			1,865
Charge for the year		342			342
At 31 October 2015		2,207			2,207
Net book value
At 31 October 2015		1,026			1,026
At 31 October 2014		1,368			1,368

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

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