OUR MISSION LIMITED - Period Ending 2015-12-31

Registration number: 08365467

OUR MISSION LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

OUR MISSION LIMITED
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

OUR MISSION LIMITED
(Registration number: 08365467)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					28,230			35,287
Current assets
Debtors					10			530
Cash at bank and in hand					5,847			5,097
					5,857			5,627
Creditors: Amounts falling due within one year					(89,164)			(87,133)
Net current liabilities					(83,307)			(81,506)
Net liabilities					(55,077)			(46,219)
Capital and reserves
Called up share capital		3			5			5
Profit and loss account					(55,082)			(46,224)
Shareholders' deficit					(55,077)			(46,219)

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 5 September 2016 and signed on its behalf by:

.........................................
Mr Mark Scott Elliott
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

OUR MISSION LIMITED
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).

Amortisation

Intangible fixed assets (including purchasd goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty yrears. Ipmairmnet of intangible assets is only rreviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable

Asset class	Amortisation method and rate
Development costs	straight line 20%

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

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.

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 January 2015		35,287			35,287
At 31 December 2015		35,287			35,287
Depreciation
Charge for the year		7,057			7,057
At 31 December 2015		7,057			7,057
Net book value
At 31 December 2015		28,230			28,230
At 31 December 2014		35,287			35,287

Page 2

OUR MISSION LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Share of £1 each		5			5			5			5

Page 3