Mindset Search Ltd - Period Ending 2015-12-31

Registration number: 07089925

Mindset Search Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Concorde Company Solutions Limited
Accountants
20A Main Street
Garforth
Leeds West Yorkshire
West Yorkshire
LS25 1AA

Mindset Search Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Mindset Search Ltd
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mindset Search Ltd for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Mindset Search Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mindset Search Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mindset Search Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mindset Search Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mindset Search Ltd. You consider that Mindset Search Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mindset Search Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Concorde Company Solutions Limited
Accountants
20A Main Street
Garforth
Leeds West Yorkshire
West Yorkshire
LS25 1AA

13 June 2016

Page 1

Mindset Search Ltd
(Registration number: 07089925)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					720			899
Current assets
Debtors					3,600			18,720
Cash at bank and in hand					38,748			28,138
					42,348			46,858
Creditors: Amounts falling due within one year					(23,080)			(34,912)
Net current assets					19,268			11,946
Net assets					19,988			12,845
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					19,888			12,745
Shareholders' funds					19,988			12,845

For the year ending 31 December 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 13 June 2016 and signed on its behalf by:

.........................................
Mr Anthony TALBOT
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Mindset Search Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% Reducing Balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Mindset Search Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		899			899
At 31 December 2015		899			899
Depreciation
Charge for the year		179			179
At 31 December 2015		179			179
Net book value
At 31 December 2015		720			720
At 31 December 2014		899			899

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4