Abbreviated Company Accounts - LIVECODING LTD

09346459 LIVECODING LTD 2015-12-31 false 2014-12-09 2015-12-31 true 09346459 2014-12-09 2015-12-31 09346459 2015-12-31 09346459 uk-gaap-cd-bus:Director1 2014-12-09 2015-12-31 09346459 uk-gaap-cd-bus:Director2 2014-12-09 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-09 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 iso4217:GBP shares

Registered Number 09346459

LIVECODING LTD

Abbreviated Accounts

31 December 2015

LIVECODING LTD Registered Number 09346459

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	2,127
		2,127
Current assets
Debtors		329
Cash at bank and in hand		6,385
		6,714
Creditors: amounts falling due within one year		(77,629)
Net current assets (liabilities)		(70,915)
Total assets less current liabilities		(68,788)
Total net assets (liabilities)		(68,788)
Capital and reserves
Called up share capital	3	100
Profit and loss account		(68,888)
Shareholders' funds		(68,788)

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 2 September 2016

And signed on their behalf by:
Dr Juergen Michael Garbade, Director

LIVECODING LTD Registered Number 09346459

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Tangible assets depreciation policy
Depreciation

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

Computer & office equipment Straight line over 3 years

Other accounting policies
Deferred taxation

Full provision is made for material deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Grants

In accordance with SSAP 4 "Accounting for government grants", government and other grants are recognised in the profit and loss so as to match them with the expenditure towards which they are intended to contribute. Government and other grants are not recognised in the profit and loss until conditions for their receipt have been complied with and there is reasonable assurance that the grant will be received. Where a grant is to be repaid, the full amount to be repaid is charged to the profit and loss immediately once the grant becomes repayable.

Research and development

Research expenditure is written off to the profit and loss in the period in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects sufficiently in order to recognise a fixed asset under UK GAAP. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

2Tangible fixed assets

	£
Cost
Additions	3,191
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	3,191
Depreciation
Charge for the year	1,064
On disposals	-
At 31 December 2015	1,064
Net book values
At 31 December 2015	2,127

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

	2015 £
100 Ordinary shares of £1 each	100

Control

The company is a 100% subsidiary of the parent company LiveEdu Inc, a company registered in the United States of America. The ultimate controlling party is the director, Dr Michael Juergen Garbade, by virtue of his majority shareholding in the parent company.