Abbreviated Company Accounts - MYNDPLAY LTD

Registered Number 07380795

MYNDPLAY LTD

Abbreviated Accounts

30 September 2015

MYNDPLAY LTD Registered Number 07380795

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	4,176	4,872
Tangible assets	3	10,581	13,244
		14,757	18,116
Current assets
Debtors		15,456	5,890
Cash at bank and in hand		5,324	32,440
		20,780	38,330
Creditors: amounts falling due within one year		(53,855)	(51,121)
Net current assets (liabilities)		(33,075)	(12,791)
Total assets less current liabilities		(18,318)	5,325
Total net assets (liabilities)		(18,318)	5,325
Capital and reserves
Called up share capital		1,000	1,000
Share premium account		99,930	99,930
Profit and loss account		(119,248)	(95,605)
Shareholders' funds		(18,318)	5,325

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 30 June 2016

And signed on their behalf by:
A Azam, Director

MYNDPLAY LTD Registered Number 07380795

Notes to the Abbreviated Accounts for the period ended 30 September 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 comprises the invoiced value of goods and services supplied by the company net of trade discounts.

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

Equipment - 25% on cost

Intangible assets amortisation policy
Intangible fixed assets are amortised at rates calculated to write off the asset on a straight line basis over their estimated economic life, not to exceed twenty years. Impairment of intangible asset is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.

2Intangible fixed assets

	£
Cost
At 1 October 2014	10,655
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	10,655
Amortisation
At 1 October 2014	5,783
Charge for the year	696
On disposals	-
At 30 September 2015	6,479
Net book values
At 30 September 2015	4,176
At 30 September 2014	4,872

3Tangible fixed assets

	£
Cost
At 1 October 2014	29,029
Additions	648
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	29,677
Depreciation
At 1 October 2014	15,785
Charge for the year	3,311
On disposals	-
At 30 September 2015	19,096
Net book values
At 30 September 2015	10,581
At 30 September 2014	13,244