Compelo Limited - Abbreviated accounts

COMPELO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2013

































Company Registration Number: 07435029

COMPELO LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2013


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the abbreviated financial statements									4 to 5

COMPELO LIMITED

COMPANY INFORMATION
FOR THE PERIOD ENDED 31 DECEMBER 2013


DIRECTORS

L Clogger
P Kingsley (appointed 27 September 2013)
A J Hunt (appointed 27 September 2013)
M T Danson (appointed 27 September 2013) and (resigned 28 October 2013)


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Cranbrook House
287-291 Banbury Road
Oxford
OX2 7JQ


COMPANY REGISTRATION NUMBER

07435029 England and Wales

COMPELO LIMITED

BALANCE SHEET
AS AT 31 December 2013


	Notes	2013		2012
		£		£

FIXED ASSETS
Tangible assets	2		59,365		25,472

CURRENT ASSETS
Debtors		26,168		14,180
Cash at bank and in hand		217,878		6,104


		244,046		20,284

CREDITORS: Amounts falling due		39,192		32,658
within one year


NET CURRENT ASSETS / (LIABILITIES)			204,854		(12,374)


TOTAL ASSETS LESS CURRENT LIABILITIES			264,219		13,098

Provisions for liabilities and charges			11,873		5,094


NET ASSETS			252,346		8,004



CAPITAL AND RESERVES
Called up share capital	3		31		10
Share premium account			299,979		-
Profit and loss account			(47,664)		7,994


SHAREHOLDERS' FUNDS			252,346		8,004



These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the financial period ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors


L Clogger
Director

Date approved by the board: 26 September 2014

COMPELO LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2013


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover

	Turnover represents the value of listing fees published and distribution fees generated by bulk emailing services, stated net of value added tax.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rate so as to write off the cost less residual value of the assets over their estimated useful lives.

	Website development and computer equipment	20% straight line balance basis

	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 December 2012				39,808

	Additions				42,572


	At 31 December 2013				82,380


	Accumulated depreciation
	At 1 December 2012				14,336

	Charge for period				8,679


	At 31 December 2013				23,015


	Net book value
	At 1 December 2012				25,472


	At 31 December 2013				59,365


3	SHARE CAPITAL
		Nominal value	Number	2013	2012
		£		£	£
	Allotted, called up and fully paid:
	Ordinary shares	1	10	-	10
	Ordinary shares	0.005	2,000	10	-
	Ordinary class A shares	0.005	3,077	16	-
	Ordinary class B shares	0.005	1,077	5	-


				31	10


		Nominal value	Number	2013	2012
		£		£	£
	Shares issued during the period:
	Ordinary class A shares	0.005	3,077	16	-
	Ordinary class B shares	0.005	1,077	5	-


				21	-


	On 26 September 2013, the company passed a resolution to sub-divide the nominal value of the issued share capital of the company from 10 Ordinary shares of £1 each to 2,000 Ordinary shares of £0.005 each.

Compelo Limited 07435029 false true 2012-12-01 2013-12-31 2013-12-31 07435029 2011-12-01 2012-11-30 07435029 uk-bus:OrdinaryShareClass3 2011-12-01 2012-11-30 07435029 uk-bus:OrdinaryShareClass4 2011-12-01 2012-11-30 07435029 uk-bus:OrdinaryShareClass1 2012-11-30 07435029 uk-bus:OrdinaryShareClass2 2012-11-30 07435029 uk-bus:OrdinaryShareClass3 2012-11-30 07435029 uk-bus:OrdinaryShareClass4 2012-11-30 07435029 2012-12-01 2013-12-31 07435029 uk-bus:Director1 2012-12-01 2013-12-31 07435029 uk-bus:Director2 2012-12-01 2013-12-31 07435029 uk-bus:Director3 2012-12-01 2013-12-31 07435029 uk-bus:Director4 2012-12-01 2013-12-31 07435029 uk-bus:RegisteredOffice 2012-12-01 2013-12-31 07435029 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-12-01 2013-12-31 07435029 uk-bus:OrdinaryShareClass1 2012-12-01 2013-12-31 07435029 uk-bus:OrdinaryShareClass2 2012-12-01 2013-12-31 07435029 uk-bus:OrdinaryShareClass3 2012-12-01 2013-12-31 07435029 uk-bus:OrdinaryShareClass4 2012-12-01 2013-12-31 07435029 2013-12-31 07435029 uk-bus:OrdinaryShareClass1 2013-12-31 07435029 uk-bus:OrdinaryShareClass2 2013-12-31 07435029 uk-bus:OrdinaryShareClass3 2013-12-31 07435029 uk-bus:OrdinaryShareClass4 2013-12-31 07435029 2012-11-30 iso4217:GBP xbrli:shares