Abbreviated Company Accounts - MICROGRACE WIRELESS SOLUTIONS LTD

08225864 MICROGRACE WIRELESS SOLUTIONS LTD 2015-09-30 false 2014-10-01 2015-09-30 true 08225864 2014-10-01 2015-09-30 08225864 2015-09-30 08225864 2014-09-30 08225864 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 08225864 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 08225864

MICROGRACE WIRELESS SOLUTIONS LTD

Abbreviated Accounts

30 September 2015

MICROGRACE WIRELESS SOLUTIONS LTD Registered Number 08225864

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,079	1,438
		1,079	1,438
Current assets
Debtors		484	5,000
Cash at bank and in hand		2,541	2,736
		3,025	7,736
Creditors: amounts falling due within one year		(9,609)	(9,638)
Net current assets (liabilities)		(6,584)	(1,902)
Total assets less current liabilities		(5,505)	(464)
Total net assets (liabilities)		(5,505)	(464)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(5,506)	(465)
Shareholders' funds		(5,505)	(464)

For the year ending 30 September 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 27 June 2016

And signed on their behalf by:
S T Pochiraju, Director

MICROGRACE WIRELESS SOLUTIONS LTD Registered Number 08225864

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with
the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on the going concern basis, even though the
company has net liabilities as financial support has been provided by the director who has
confirmed that this support will be ongoing.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Equipment 33% straight line

2Tangible fixed assets

	£
Cost
At 1 October 2014	1,798
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	1,798
Depreciation
At 1 October 2014	360
Charge for the year	359
On disposals	-
At 30 September 2015	719
Net book values
At 30 September 2015	1,079
At 30 September 2014	1,438

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

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1