Abbreviated Company Accounts - MONDO MANAGEMENT LIMITED

Abbreviated Company Accounts - MONDO MANAGEMENT LIMITED

MONDO MANAGEMENT LIMITED - Company Information

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Registered Number 06965320

MONDO MANAGEMENT LIMITED

Abbreviated Accounts

31 July 2015

MONDO MANAGEMENT LIMITED Registered Number 06965320

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 400,000 500,000
Tangible assets 3 3,092 7,234
Investments 4 - 18,500
403,092 525,734
Current assets
Debtors 194,359 48,254
Cash at bank and in hand 31,787 25,466
226,146 73,720
Creditors: amounts falling due within one year (242,036) (393,464)
Net current assets (liabilities) (15,890) (319,744)
Total assets less current liabilities 387,202 205,990
Total net assets (liabilities) 387,202 205,990
Capital and reserves
Called up share capital 1 1
Profit and loss account 387,201 205,989
Shareholders' funds 387,202 205,990
  • 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 3 May 2016

And signed on their behalf by:
R Holden, Director

MONDO MANAGEMENT LIMITED Registered Number 06965320

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 the total invoice value of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% straight line

Intangible assets amortisation policy
Goodwill – Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Other accounting policies
Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2Intangible fixed assets
£
Cost
At 1 August 2014 1,000,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2015 1,000,000
Amortisation
At 1 August 2014 500,000
Charge for the year 100,000
On disposals -
At 31 July 2015 600,000
Net book values
At 31 July 2015 400,000
At 31 July 2014 500,000
3Tangible fixed assets
£
Cost
At 1 August 2014 23,868
Additions 2,434
Disposals -
Revaluations -
Transfers -
At 31 July 2015 26,302
Depreciation
At 1 August 2014 16,634
Charge for the year 6,576
On disposals -
At 31 July 2015 23,210
Net book values
At 31 July 2015 3,092
At 31 July 2014 7,234

4Fixed assets Investments
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.