Mainstream Data Limited - Abbreviated accounts 16.1

Mainstream Data Limited - Abbreviated accounts 16.1

MAINSTREAM DATA LIMITED - Company Information

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REGISTERED NUMBER: 04301161















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Mainstream Data Limited

Mainstream Data Limited (Registered number: 04301161)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Mainstream Data Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: Mr S Calder
Mr M Rasmussen
Mr D Patel





SECRETARY: Mr D Patel





REGISTERED OFFICE: 5 Brookdene Drive
Northwood
Middlsex
HA6 3NS





REGISTERED NUMBER: 04301161





ACCOUNTANTS: Assets Limited
Chartered Accountants
Chiltern Chambers
St Peters Avenue
Caversham
Reading
Berkshire
RG4 7DH
Page 1
Mainstream Data Limited (Registered number: 04301161)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 36,708 48,944

CURRENT ASSETS
Debtors 375,200 353,231
Cash at bank 139,031 127,588
514,231 480,819
CREDITORS
Amounts falling due within one year 42,568 40,729
NET CURRENT ASSETS 471,663 440,090
TOTAL ASSETS LESS CURRENT
LIABILITIES
508,371
489,034

CREDITORS
Amounts falling due after more than one
year
(17,333
)
(21,645
)

PROVISIONS FOR LIABILITIES (1,712 ) -
NET ASSETS 489,326 467,389

CAPITAL AND RESERVES
Called up share capital 3 1,000 1,000
Profit and loss account 488,326 466,389
SHAREHOLDERS' FUNDS 489,326 467,389

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

The members have not required the company to obtain an audit of its financial statements for the year 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 notes form part of these abbreviated accounts

Page 2 continued...
Mainstream Data Limited (Registered number: 04301161)

Abbreviated Balance Sheet - continued
31 December 2015


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 24 May 2016 and were signed on its behalf by:




Mr M Rasmussen - Director



Mr S Calder - Director


The notes form part of these abbreviated accounts

Page 3
Mainstream Data Limited (Registered number: 04301161)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

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 goods, excluding value added tax.

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

Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be
recovered.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the average rates of exchange during the
period. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 168,689
DEPRECIATION
At 1 January 2015 119,745
Charge for year 12,236
At 31 December 2015 131,981
NET BOOK VALUE
At 31 December 2015 36,708
At 31 December 2014 48,944

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 4 continued...
Mainstream Data Limited (Registered number: 04301161)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

4. ULTIMATE PARENT COMPANY

The company's ultimate controlling party is Mainstream Data Inc a company incorporated in Delaware (USA).

Page 5