Abbreviated Company Accounts - MYLO LIVE LIMITED

05180351 MYLO LIVE LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 05180351 2014-08-01 2015-07-31 05180351 2015-07-31 05180351 2014-07-31 05180351 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 05180351 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 05180351

MYLO LIVE LIMITED

Abbreviated Accounts

31 July 2015

MYLO LIVE LIMITED Registered Number 05180351

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	623	831
Investments	3	175	200,000
		798	200,831
Current assets
Debtors		148,336	-
Investments		50,300	-
Cash at bank and in hand		179,851	186,071
		378,487	186,071
Creditors: amounts falling due within one year		(23,078)	(11,571)
Net current assets (liabilities)		355,409	174,500
Total assets less current liabilities		356,207	375,331
Total net assets (liabilities)		356,207	375,331
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		356,205	375,329
Shareholders' funds		356,207	375,331

For the year ending 31 July 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 14 March 2016

And signed on their behalf by:
M MacInnes, Director

MYLO LIVE LIMITED Registered Number 05180351

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment 25% reducing balance

Other accounting policies
Investments
Fixed assets investments are stated at cost less provision for diminution in value.
Current assets investments are stated at the lower of cost and net realisable value.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

2Tangible fixed assets

	£
Cost
At 1 August 2014	10,361
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	10,361
Depreciation
At 1 August 2014	9,530
Charge for the year	208
On disposals	-
At 31 July 2015	9,738
Net book values
At 31 July 2015	623
At 31 July 2014	831

3Fixed assets Investments
Cost at 1 August 2014 £200,000
Disposals £(199,825)
Net book value at 31 July 2015 £175

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2