Abbreviated Company Accounts - TMB GEOMARKETING LIMITED

TMB GEOMARKETING LIMITED - Company Information

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Registered Number 07700686

TMB GEOMARKETING LIMITED

Abbreviated Accounts

31 December 2013

TMB GEOMARKETING LIMITED Registered Number 07700686

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	51,628	70,402
Tangible assets	3	3,059	1,579
		54,687	71,981
Current assets
Debtors		102,757	20,009
Cash at bank and in hand		3,437	35
		106,194	20,044
Creditors: amounts falling due within one year		(320,001)	(223,399)
Net current assets (liabilities)		(213,807)	(203,355)
Total assets less current liabilities		(159,120)	(131,374)
Total net assets (liabilities)		(159,120)	(131,374)
Capital and reserves
Called up share capital	4	70	70
Profit and loss account		(159,190)	(131,444)
Shareholders' funds		(159,120)	(131,374)

For the year ending 31 December 2013 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 29 September 2014

And signed on their behalf by:
R J Kempson, Director

TMB GEOMARKETING LIMITED Registered Number 07700686

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer Equipment - 25% reducing balance basis per annum

Intangible assets amortisation policy
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Data and software platform - 25% straight line basis per annum

Other accounting policies
Fixed Assets
All fixed assets are initially recorded at cost.

Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Going Concern
The company is dependant on the continued support of The Motivation Business Holding Company Limited, in its ability to continue as a going concern. The Motivation Business Holding Company Limited has provided the company with a loan without formal repayment terms. On this basis the director considers that it is appropriate for the financial statements to be prepared on a going concern basis.

2Intangible fixed assets

	£
Cost
At 1 January 2013	75,095
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	75,095
Amortisation
At 1 January 2013	4,693
Charge for the year	18,774
On disposals	-
At 31 December 2013	23,467
Net book values
At 31 December 2013	51,628
At 31 December 2012	70,402

3Tangible fixed assets

	£
Cost
At 1 January 2013	1,612
Additions	2,095
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	3,707
Depreciation
At 1 January 2013	33
Charge for the year	615
On disposals	-
At 31 December 2013	648
Net book values
At 31 December 2013	3,059
At 31 December 2012	1,579

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

	2013 £	2012 £
70 Ordinary shares of £1 each	70	70

5Transactions with directors

Name of director receiving advance or credit:	R J Kempson
Description of the transaction:	Related Party Transactions
Balance at 1 January 2013:	-
Advances or credits made:	£ 1
Advances or credits repaid:	£ 1
Balance at 31 December 2013:	£ 0

During the period the company received an interest free loan from The Motivation Business Holding Company Limited, a company under the common control of the director R J Kempson,the balance outstanding at the balance sheet date was £281,139 (2012: £146,768). This loan has been provided with no formal repayment terms.

During the period the company provided services on an arms' length basis to The Motivation Business Holding Company Limited, a company under the common control of the director R J Kempson, to the value of £Nil (2012: £26,900).

During the period the company was provided with goods and services on an arms' length basis by The Motivation Business Holding Company Limited, a company under the common control of the director R J Kempson, to the value of £57,500 (2012: £Nil).