Netvoyager Systems Limited - Period Ending 2015-06-30

Registration number: 07152952

Netvoyager Systems Limited

Unaudited Abbreviated Accounts

Year Ended 30 June 2015
 

Netvoyager Systems Limited
Contents
Year Ended 30 June 2015

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Netvoyager Systems Limited
(Registration number: 07152952)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets		2			9,343			10,327
Creditors: Amounts falling due within one year					(23,048)			(21,613)
Net liabilities					(13,705)			(11,286)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(13,707)			(11,288)
Shareholders' deficit					(13,705)			(11,286)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 30 June 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.

Approved by the Board on 31 March 2016 and signed on its behalf by:

.........................................
G R Hubbard
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Netvoyager Systems Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 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 and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis. The company has received assurance from Netvoyager Technology Limited (a company under common control) that it will continue to support the company for a period of at least one year from the signing of these accounts in order that the company is able to meet its obligations as they fall due.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Intangible fixed assets are amortised over their estimated useful economic lives, as follows:

Asset class	Amortisation method and rate
Trademark	straight line over the 10 year renewal period
Goodwill	straight line over its 20 year useful life

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.

End of note

Page 2

Netvoyager Systems Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2015

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 July 2014		14,588			14,588
At 30 June 2015		14,588			14,588
Depreciation
At 1 July 2014		4,261			4,261
Charge for the year		984			984
At 30 June 2015		5,245			5,245
Net book value
At 30 June 2015		9,343			9,343
At 30 June 2014		10,327			10,327

End of note

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

End of note

Page 3