Abbreviated Company Accounts - ADOREBOARD LIMITED

ADOREBOARD LIMITED - Company Information

Registered Number NI609044

ADOREBOARD LIMITED

Abbreviated Accounts

30 September 2015

ADOREBOARD LIMITED Registered Number NI609044

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,433	4,540
		5,433	4,540
Current assets
Debtors		198,779	55,342
Cash at bank and in hand		153,957	425,635
		352,736	480,977
Creditors: amounts falling due within one year		(47,596)	(57,919)
Net current assets (liabilities)		305,140	423,058
Total assets less current liabilities		310,573	427,598
Total net assets (liabilities)		310,573	427,598
Capital and reserves
Called up share capital		2	2
Share premium account		717,710	680,610
Profit and loss account		(407,139)	(253,014)
Shareholders' funds		310,573	427,598

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 23 June 2016

And signed on their behalf by:
Mr Christopher Johnston, Director

ADOREBOARD LIMITED Registered Number NI609044

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 applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer Equipment - 33% Straight Line
Fixtures, fittings & equipment - 33% Straight Line

Other accounting policies
Government Grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Tangible fixed assets

	£
Cost
At 1 October 2014	6,073
Additions	3,484
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	9,557
Depreciation
At 1 October 2014	1,533
Charge for the year	2,591
On disposals	-
At 30 September 2015	4,124
Net book values
At 30 September 2015	5,433
At 30 September 2014	4,540