PublicBeta_Ltd - Accounts

PUBLICBETA LTD - Company Information

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PublicBeta Ltd

Unaudited Abbreviated Accounts

For the year ended 29 February 2016

Company Registration No. 08532380 (England and Wales)

PublicBeta Ltd

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PublicBeta Ltd

Abbreviated Balance Sheet

As at 29 February 2016

Page 1

2016

2015

Notes

Current assets

Debtors

13,636

Cash at bank and in hand

116,938

9,339

130,574

9,339

Creditors: amounts falling due within one year

(171,551)

(147,610)

Total assets less current liabilities

(40,977)

(138,271)

Capital and reserves

Called up share capital

Other reserves

319,509

Profit and loss account

(360,496)

(138,281)

Shareholders' funds

(40,977)

(138,271)

For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 August 2016

A Pienaar

Director

Company Registration No. 08532380

PublicBeta Ltd

Notes to the Abbreviated Accounts

For the year ended 29 February 2016

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services.

1.4

Foreign currency translation

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

Share capital

2016

2015

Allotted, called up and fully paid

10 ordinary shares of £1 each

Both classes of share have full voting and dividend rights.

On winding up, the preference shareholders shall receive, in preference to the ordinary shareholders, an amount equal to the issue price and all accrued unpaid dividends. Subsequent to that distribution the preference shareholders shall participate in the distribution of the remaining assets with the ordinary share holders pro rata to the number of shares held on conversion.

Related party relationships and transactions

Included within other creditors is £2,344 (2015: £2,344) owed to A Pienaar, the sole director.