Abbreviated Company Accounts - POBBLE EDUCATION LTD

POBBLE EDUCATION LTD - Company Information

07784707 POBBLE EDUCATION LTD 2015-08-31 false 2014-09-01 2015-08-31 true 07784707 2014-09-01 2015-08-31 07784707 2015-08-31 07784707 2014-08-31 07784707 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 07784707 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-08-31 iso4217:GBP shares

Registered Number 07784707

POBBLE EDUCATION LTD

Abbreviated Accounts

31 August 2015

POBBLE EDUCATION LTD Registered Number 07784707

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,696	5,981
		8,696	5,981
Current assets
Debtors		97,783	55,460
Cash at bank and in hand		13,623	96
		111,406	55,556
Creditors: amounts falling due within one year		(397,384)	(168,933)
Net current assets (liabilities)		(285,978)	(113,377)
Total assets less current liabilities		(277,282)	(107,396)
Total net assets (liabilities)		(277,282)	(107,396)
Capital and reserves
Called up share capital	3	106	100
Share premium account		170,898	-
Profit and loss account		(448,286)	(107,496)
Shareholders' funds		(277,282)	(107,396)

For the year ending 31 August 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 28 May 2016

And signed on their behalf by:
J Smith, Director

POBBLE EDUCATION LTD Registered Number 07784707

Notes to the Abbreviated Accounts for the period ended 31 August 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 amounts receivable for goods and services net of VAT. The total turnover of the company for the year has been derived from its principal activities.

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

Computer equipment: 33% on straight line basis
Office Equipment: 33% on straight line basis

Other accounting policies
Going Concern
We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. This support is required as the company has net current liabilities of £285,978 and net liabilities of £277,282. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, I have paid particular attention to a period of not less than one year from the date of approval of the financial statements.

Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.

2Tangible fixed assets

	£
Cost
At 1 September 2014	10,101
Additions	8,820
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	18,921
Depreciation
At 1 September 2014	4,120
Charge for the year	6,105
On disposals	-
At 31 August 2015	10,225
Net book values
At 31 August 2015	8,696
At 31 August 2014	5,981

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
0 Ordinary shares of £1 each (100 shares for 2014)	0	100
10,344,478 A Ordinary shares of £0.00001 each (0 shares for 2014)	103	0
244,825 B Ordinary shares of £0.00001 each (0 shares for 2014)	2	0

On 20 October 2014, there was a subdivision of 100 Ordinary shares at £1.00 each into 10,000,000 Ordinary shares at £0.00001 each and a change of share class designation of Ordinary shares into A Ordinary shares.

On 20 October 2014, there was also an allotment of 344,478 A Ordinary shares at £0.00001 each and an allotment of 244,825 B Ordinary shares at £0.00001 each, resulting in a share premium of £170,898.