Abbreviated Company Accounts - MIAPPI LIMITED

08337782 MIAPPI LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 08337782 2015-01-01 2015-12-31 08337782 2015-12-31 08337782 2014-12-31 08337782 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 08337782 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 uk-gaap-cd-bus:OrdinaryShareClass2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-31 iso4217:GBP shares

Registered Number 08337782

MIAPPI LIMITED

Abbreviated Accounts

31 December 2015

MIAPPI LIMITED Registered Number 08337782

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,994	1,104
		3,994	1,104
Current assets
Debtors		110,190	51,214
Cash at bank and in hand		5,369	10,580
		115,559	61,794
Creditors: amounts falling due within one year	3	(189,393)	(147,496)
Net current assets (liabilities)		(73,834)	(85,702)
Total assets less current liabilities		(69,840)	(84,598)
Creditors: amounts falling due after more than one year	3	(80,000)	(50,000)
Total net assets (liabilities)		(149,840)	(134,598)
Capital and reserves
Called up share capital	4	304	244
Share premium account		680,612	297,198
Profit and loss account		(830,756)	(432,040)
Shareholders' funds		(149,840)	(134,598)

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 1 September 2016

And signed on their behalf by:
L Buchanan, Director

MIAPPI LIMITED Registered Number 08337782

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT. The total turnover of the company for the year has been derived from its principal activities.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment: 33% on straight line basis

Other accounting policies
Going Concern
We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. This support is required as the company has net current liabilities of £73,834 and net liabilities of £149,840. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction (or, if hedged forward, at the rate of exchange under the related forward currency contract). Monetary assets and liabilities denominated in foreign currencies are translated using the contracted rate or the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.

Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.

2Tangible fixed assets

	£
Cost
At 1 January 2015	1,598
Additions	4,468
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	6,066
Depreciation
At 1 January 2015	494
Charge for the year	1,578
On disposals	-
At 31 December 2015	2,072
Net book values
At 31 December 2015	3,994
At 31 December 2014	1,104

3Creditors

	2015 £	2014 £
Secured Debts	47,500	50,000

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

	2015 £	2014 £
1,600 Ordinary shares of £0.10 each	160	160
1,438 A Ordinary shares of £0.10 each (836 shares for 2014)	144	84

On 8 January 2015, there were allotments of in total 42 A Ordinary shares at £0.10 each, resulting in a share premium of £26,750.

On 12 February 2015, there was an allotment of 33 A Ordinary shares at £0.10 each, resulting in share premium of £21,018.

On 20 February 2015, there was an allotment of 8 A Ordinary shares at £0.10 each, resulting in a share premium of £5,095.

On 4 March 2015, there was an allotment of 22 A Ordinary shares at £0.10 each, resulting in a share premium of £14,012.

On 20 March 2015, there was an allotment of 38 A Ordinary shares at £0.10 each, resulting in a share premium of £24,202.

On 31 March 2015, there was an allotment of 150 A Ordinary shares at £0.10 each, resulting in a share premium of £95,535.

On 2 April 2015, there was an allotment of 40 A Ordinary shares at £0.10 each, resulting in a share premium of £25,476.

On 30 April 2015, there was an allotment of 3 A Ordinary shares at £0.10 each, resulting in a share premium of £1,911.

On 21 May 2015, there was an allotment of 10 A Ordinary shares at £0.10 each, resulting in a share premium of £6,369.

On 22 July 2015, there was an allotment of 60 A Ordinary shares at £0.10 each, resulting in a share premium of £38,214.

On 20 August 2015, there was an allotment of 78 A Ordinary shares at £0.10 each, resulting in a share premium of £49,678.

On 21 October 2015, there was an allotment of 79 A Ordinary shares at £0.10 each, resulting in a share premium of £50,315.

On 9 November 2015, there was an allotment of 7 A Ordinary shares at £0.10 each, resulting in a share premium of £4,458.

On 10 November 2015, there was an allotment of 4 A Ordinary shares at £0.10 each, resulting in a share premium of £2,548.

On 10 December 2015, there was an allotment of 28 A Ordinary shares at £0.10 each, resulting in a share premium of £17,833.