Neos Interactive Limited - Limited company - abbreviated - 11.0.0
Neos Interactive Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| FOR |
| NEOS INTERACTIVE LIMITED |
| NEOS INTERACTIVE LIMITED (REGISTERED NUMBER: 03564252) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| NEOS INTERACTIVE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| NEOS INTERACTIVE LIMITED (REGISTERED NUMBER: 03564252) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2013 |
| 2013 | 2012 |
| 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 LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET 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. |
| NEOS INTERACTIVE LIMITED (REGISTERED NUMBER: 03564252) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 DECEMBER 2013 |
| The financial statements were approved by the Board of Directors on by: |
| NEOS INTERACTIVE LIMITED (REGISTERED NUMBER: 03564252) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| 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). |
| Going Concern |
| The financial statements have been prepared under the going concern basis which assumes the company will |
| continue in existence for the foreseeable future. The validity of this assumption depends upon the ability of the |
| company to secure necessary cash funds. |
| In this regard, the company continues to require loan advances from its principle shareholder who has |
| expressed his commitment to providing ongoing funding to the board. |
| Having reviewed forecasts and in consideration of the above, the board have a reasonable expectation that the |
| company will be able to meet its liabilities as they fall due and it is on that basis that they consider the policy to be |
| appropriate. These financial statements do not include any adjustments that would result from the going concern |
| basis of preparation being inappropriate. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Neos Interactive Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of goods sold and services rendered |
| during the year. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of |
| certain items for taxation and accounting purposes, in accordance with FRS 19, which requires a deferred tax |
| asset to be recognised to the extent that it is regarded as more likely than not that it will be recovered. |
| Projections currently available indicate the company is likely to continue generating losses for the next few years, |
| and that substantial profitability will not be achieved for several years. The directors therefore consider it |
| inappropriate to recognise a deferred tax asset at this stage. |
| Research and development |
| Expenditure on research and development is written off as incurred, except that development expenditure |
| incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as |
| assured. Any expenditure carried forward is amortised in line with the expected future sales from the related |
| project. |
| NEOS INTERACTIVE LIMITED (REGISTERED NUMBER: 03564252) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| 1. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| and 31 December 2013 |
| AMORTISATION |
| At 1 January 2013 |
| and 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| Additions |
| At 31 December 2013 |
| DEPRECIATION |
| At 1 January 2013 |
| Charge for year |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| NEOS INTERACTIVE LIMITED (REGISTERED NUMBER: 03564252) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 January 2013 |
| Impairments | ( |
) |
| At 31 December 2013 | - |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | ( |
) |
| (Loss)/profit for the year | ( |
) |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| £0.0001 |
| £0.0001 |
| Allotted and issued: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| £0.0001 |
| 6. | ULTIMATE PARENT COMPANY |
| The ultimate parent company is Albert J M Abela Catering and Interactive Systems Limited, a company |
| incorporated in Cyprus, and wholly owned by A Abela. |
| NEOS INTERACTIVE LIMITED (REGISTERED NUMBER: 03564252) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| 7. | RELATED PARTY DISCLOSURES |
| Albert A. Abela Catering, Trade & Services s.a.r.l. |
| A company wholly owned and controlled by Mr A Abela. |
| The company was invoiced a total of of £Nil (2012: £112,475) in respect of research and development fees. |
| 2013 | 2012 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Abela Technology Solutions s.a.r.l. |
| A company wholly owned and controlled by Mr A Abela. |
| The company was invoiced a total of of £Nil (2012: £141,103) in respect of research and development fees. |
| 2013 | 2012 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| A director and shareholder of the company. |
| 2013 | 2012 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Neos Interactive (Middle East) FZ-LLC |
| A company wholly owned by Neos Interactive Limited. |
| The company made payments on behalf of Neos Interactive (Middle East) FZ-LLC totalling £23,211 (2012 : |
| £25,504) during the year. |
| The company received reimbursement from Neos Interactive (Middle East) FZ-LLC totalling £3,070 (2012 : |
| £25,000) during the year. |
| 2013 | 2012 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| NEOS INTERACTIVE LIMITED (REGISTERED NUMBER: 03564252) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| 8. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
| 2013 | 2012 |
| £ | £ |
| Loss for the financial year | (157,601 | ) | (389,919 | ) |
| Opening shareholders' funds | (1,672,804 | ) | (1,282,885 | ) |
| Closing shareholders' funds | (1,830,405 | ) | (1,672,804 | ) |