Zipdogg Limited - Limited company accounts 11.7

REGISTERED NUMBER: 08827614 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2015

for

Zipdogg Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S Wilson

A Biswas

SECRETARY:

REGISTERED OFFICE:

3 Hartington Road

Southall

Middlesex

UB2 5AU

REGISTERED NUMBER:

08827614 (England and Wales)

ACCOUNTANTS:

SLOANE WINCKLESS & CO

Britannia Chambers

181/185 High Street

New Malden

Surrey

KT3 4BH

The directors present their report with the financial statements of the company for the year ended 31 December 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of selling online backup and storage.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2015 to the date of this report.

S Wilson

A Biswas

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to

small companies.

ON BEHALF OF THE BOARD:

A Biswas - Director

20 February 2016

TURNOVER

4,031

218

Cost of sales

1,150

5,070

GROSS PROFIT/(LOSS)

2,881

(4,852

)

Administrative expenses

420

469

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION

2

2,461

(5,321

)

Tax on profit/(loss) on ordinary activities

3

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

2,461

(5,321

)

CURRENT ASSETS

Debtors

4

190

-

Cash in hand

4,148

290

4,338

290

CREDITORS

Amounts falling due within one year

5

877

410

NET CURRENT ASSETS/(LIABILITIES)

3,461

(120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,461

(120

)

CREDITORS

Amounts falling due after more than one year

6

6,320

5,200

NET LIABILITIES

(2,859

)

(5,320

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Profit and loss account

8

(2,860

)

(5,321

)

SHAREHOLDERS' FUNDS

(2,859

)

(5,320

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 20 February 2016 and were signed on its behalf by:

A Biswas - Director

S Wilson - Director

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).

Turnover

Turnover represents the total amount receivable, net of value added tax, in respect of sales during the period.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets by £2,859 (2014 - £5,320). The company

had the financial support of its holding company. In these circumstances, the financial statements have been

prepared on the going concern basis.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2014 - operating loss) is stated after charging:

Period

30.12.13

Year Ended

to

31.12.15

31.12.14

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2015 nor for the

period ended 31 December 2014.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

£

Other debtors

190

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

£

Other creditors

877

410

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.15

31.12.14

£

£

Amounts owed to group undertakings

6,320

5,200

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

1

Ordinary

1

1

1

8.

RESERVES

Profit

and loss

account

£

At 1 January 2015

(5,321

)

Profit for the year

2,461

At 31 December 2015

(2,860

)

9.	ULTIMATE PARENT COMPANY

WebDrive365 Limited is the company's immediate and ultimate parent undertaking. The company is under the

control of Messrs. A. Biswas and S. Wilson who are both directors and own 60% of the issued share capital. The

company is incorporated in England and Wales.

10.	RELATED PARTY DISCLOSURES

The company is under the controll of Messrs. A. Biswas and S. Wilson who are both directors and own 60% of

the issued share capital of WebDrive365 Limited.

At the balance sheet date, £6,320 (2014 - £5,200) was owed to WebDrive365 Limited.