Abbreviated Company Accounts - MOBEDIA LTD

05593917 MOBEDIA LTD 2015-12-31 false 2015-01-01 2015-12-31 true 05593917 2015-01-01 2015-12-31 05593917 2015-12-31 05593917 2014-12-31 05593917 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 05593917 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 05593917

MOBEDIA LTD

Abbreviated Accounts

31 December 2015

MOBEDIA LTD Registered Number 05593917

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	269,451	-
Tangible assets	3	14,645	10,021
		284,096	10,021
Current assets
Debtors		230,095	106,225
Cash at bank and in hand		100,430	81,457
		330,525	187,682
Creditors: amounts falling due within one year		(318,540)	(129,352)
Net current assets (liabilities)		11,985	58,330
Total assets less current liabilities		296,081	68,351
Creditors: amounts falling due after more than one year		(187,840)	(159,737)
Total net assets (liabilities)		108,241	(91,386)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		108,141	(91,486)
Shareholders' funds		108,241	(91,386)

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 30 June 2016

And signed on their behalf by:
Johnny Hall, Director

MOBEDIA LTD Registered Number 05593917

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.

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

Tangible assets depreciation policy
Computer equipment 33.33% straight line
Fixtures fittings and equipment 33.33% straight line

Intangible assets amortisation policy
Research expenditure is written off to the profit and loss account in the year 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. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

2Intangible fixed assets

	£
Cost
At 1 January 2015	-
Additions	311,654
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	311,654
Amortisation
At 1 January 2015	-
Charge for the year	42,203
On disposals	-
At 31 December 2015	42,203
Net book values
At 31 December 2015	269,451
At 31 December 2014	-

3Tangible fixed assets

	£
Cost
At 1 January 2015	50,266
Additions	16,730
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	66,996
Depreciation
At 1 January 2015	40,245
Charge for the year	12,106
On disposals	-
At 31 December 2015	52,351
Net book values
At 31 December 2015	14,645
At 31 December 2014	10,021

The net book value of tangible fixed assets include £11154 (2014 £2224) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £5576 ( 2014 £2224)

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100