Oobedoo Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08040772 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 May 2015 to 31 December 2015

for

Oobedoo Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D T Bryant

Mr M Crosby

SECRETARY:

Mr M Crosby

REGISTERED OFFICE:

81 High Street

Marlow

Buckinghamshire

SL7 1AB

REGISTERED NUMBER:

08040772 (England and Wales)

ACCOUNTANTS:

Ward Goodman

4 Cedar Park

Cobham Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7SF

FIXED ASSETS

Intangible assets

2

1,000

1,000

Tangible assets

3

2,168

4,785

3,168

5,785

CURRENT ASSETS

Debtors

28,463

30,811

Cash at bank

32,651

5,407

61,114

36,218

CREDITORS

Amounts falling due within one year

86,170

151,533

NET CURRENT LIABILITIES

(25,056

)

(115,315

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,888

)

(109,530

)

CREDITORS

Amounts falling due after more than one year

59,878

23,991

NET LIABILITIES

(81,766

)

(133,521

)

CAPITAL AND RESERVES

Called up share capital

4

251

215

Share premium

1,468,039

1,105,844

Profit and loss account

(1,550,056

)

(1,239,580

)

SHAREHOLDERS' FUNDS

(81,766

)

(133,521

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 May 2016 and were signed on its behalf by:

Mr M Crosby - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the directors, the company will continue to receive the necessary funds enabling it to trade as a

going concern. As a result, the accruals basis for accounting has been adopted.

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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets

Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at a rate reflecting the write

off of the intangible asset over the estimated useful sales life of the product.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

The directors subsequently conducted an impairment review on all the fixed assets at the end of the financial

period and concluded that the following write downs should be applied to bring the value of the assets down to

their recoverable amount. The directors agreed to review these assets again in twelve months time.

Fixtures and fittings - £1,836

Deferred tax

No deferred tax has been recognised due to the timing differences being less than the available losses.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 31 December 2015

1,000

NET BOOK VALUE

At 31 December 2015

1,000

At 30 April 2015

1,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 31 December 2015

8,629

DEPRECIATION

At 1 May 2015

3,844

Charge for period

981

Impairments

1,636

At 31 December 2015

6,461

NET BOOK VALUE

At 31 December 2015

2,168

At 30 April 2015

4,785

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2015

value:

£

£

6,374

Preference

£0.01

64

11

Allotted and issued:

Number:

Class:

Nominal

2015

2015

value:

£

£

18,652

Ordinary

£0.01

187

204

450 ordinary shares of £0.01 and 3,129 preference shares of £0.01 were alloted during the financial period, all at

a premium of £101.20 per share. On the 22nd May 2015, 2,158 ordinary shares were converted to preference

shares.

Included within trade debtors is £19,500 of unpaid share capital including premium on the shares.

5.	ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.