Meetingsphere Limited - Limited company - abbreviated - 11.9
Meetingsphere Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2015 |
| FOR |
| MEETINGSPHERE LIMITED |
| MEETINGSPHERE LIMITED (REGISTERED NUMBER: 07542752) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| MEETINGSPHERE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| MEETINGSPHERE LIMITED (REGISTERED NUMBER: 07542752) |
| ABBREVIATED BALANCE SHEET |
| 31 MAY 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on by: |
| MEETINGSPHERE LIMITED (REGISTERED NUMBER: 07542752) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 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). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| 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. |
| Joint arrangement |
| The profit and loss account and balance sheet include the financial statements of the company and its branch |
| (Hamburg) made up to 31 May 2014. Intra-branch sales and profits are eliminated fully. |
| Licences |
| Licences are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in |
| equal annual instalments over the estimated useful life of 7 years. |
| Group accounts |
| The financial statements present information about the company as an individual undertaking and not about its |
| group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore |
| taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group |
| accounts. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| and 31 May 2015 |
| AMORTISATION |
| At 1 June 2014 |
| Amortisation for year |
| At 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| MEETINGSPHERE LIMITED (REGISTERED NUMBER: 07542752) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MAY 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 May 2015 |
| DEPRECIATION |
| At 1 June 2014 |
| Eliminated on disposal | ( |
) |
| At 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 June 2014 |
| and 31 May 2015 | 125 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Associated companies |
| Country of incorporation: United States |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| 2015 | 2014 |
| £ | £ |
| Aggregate capital and reserves | (458,741 | ) | 2,015 |
| Loss for the year | (113,728 | ) | (141,517 | ) |
| MEETINGSPHERE LIMITED (REGISTERED NUMBER: 07542752) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MAY 2015 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Country of incorporation: United States |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| 2015 | 2014 |
| £ | £ |
| Aggregate capital and reserves | (122,157 | ) | 350,929 |
| Loss for the year | (39,713 | ) | (6,311 | ) |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £0.01 |