Abbreviated Company Accounts - THE SOCIAL SUPERSTORE LIMITED

COMMUNITY SOCIAL INVESTMENT LIMITED - Company Information

08223448 THE SOCIAL SUPERSTORE LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 08223448 2015-06-01 2016-05-31 08223448 2016-05-31 08223448 2015-05-31 08223448 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 08223448 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 08223448

THE SOCIAL SUPERSTORE LIMITED

Abbreviated Accounts

31 May 2016

THE SOCIAL SUPERSTORE LIMITED Registered Number 08223448

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1,074,037	60,995
		1,074,037	60,995
Current assets
Debtors		349,929	202,241
Cash at bank and in hand		122,451	78,178
		472,380	280,419
Creditors: amounts falling due within one year		(116,559)	(127,734)
Net current assets (liabilities)		355,821	152,685
Total assets less current liabilities		1,429,858	213,680
Total net assets (liabilities)		1,429,858	213,680
Capital and reserves
Called up share capital	3	356	286
Share premium account		3,864,099	1,663,807
Profit and loss account		(2,434,597)	(1,450,413)
Shareholders' funds		1,429,858	213,680

For the year ending 31 May 2016 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 9 June 2016

And signed on their behalf by:
JB Garner, Director
TE Hurley, Director

THE SOCIAL SUPERSTORE LIMITED Registered Number 08223448

Notes to the Abbreviated Accounts for the period ended 31 May 2016

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 January 2015.

Turnover policy
Commissions generated are recognised only at the point that the originating transactions have been validated by the recipient merchant and are stated excluding VAT.

Intangible assets amortisation policy
Salaries and other payroll costs incurred in respect of research and development costs relating to clearly defined projects to develop, enhance and improve the company's website and systems are capitalised as intangible fixed assets where they are separately identifiable. These projects are considered both technically and commercially viable. These costs are amortised over their estimated useful life of 3 years.

2Intangible fixed assets

	£
Cost
At 1 June 2015	60,995
Additions	1,013,042
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	1,074,037
Amortisation
At 1 June 2015	-
Charge for the year	-
On disposals	-
At 31 May 2016	-
Net book values
At 31 May 2016	1,074,037
At 31 May 2015	60,995

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

	2016 £	2015 £
3,564,020 Ordinary shares of £0.0001 each (2,860,052 shares for 2015)	356	286

During the year a further 703,968 Ordinary shares of £0.0001 were issued at a total premium of £2,200,292.