Abbreviated Company Accounts - NEW MODEL IDENTITY LIMITED

NEW MODEL IDENTITY LIMITED - Company Information

Registered Number 04105224

NEW MODEL IDENTITY LIMITED

Abbreviated Accounts

31 December 2015

NEW MODEL IDENTITY LIMITED Registered Number 04105224

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets		-	-
Investments		-	-
		-	-
Current assets
Debtors	2	1,392	-
Cash at bank and in hand		78,032	105,952
		79,424	105,952
Creditors: amounts falling due within one year		(7,773)	(550)
Net current assets (liabilities)		71,651	105,402
Total assets less current liabilities		71,651	105,402
Creditors: amounts falling due after more than one year		(29,445)	(29,445)
Provisions for liabilities		0	0
Accruals and deferred income		(27,244)	(33,401)
Total net assets (liabilities)		14,962	42,556
Capital and reserves
Called up share capital		250	250
Share premium account		199,900	199,900
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(185,188)	(157,594)
Shareholders' funds		14,962	42,556

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 September 2016

And signed on their behalf by:
Richard Rundle, Director
Jeremy Newman, Director

NEW MODEL IDENTITY LIMITED Registered Number 04105224

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
The turnover shown in the profit and loss account represents any pre-trading activity during the period, exclusive of VAT.

Other accounting policies
Foreign currencies

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.

Related Party Transactions

Creditors include £29,445 (2014 £29,445) which is owed to J Newman, a director of the company. This loan is unsecured, interest-free, and repayable on demand.

2Debtors

Debtors include VAT debtor of £1,392 (2014: nil) for which a refund was received in the first quarter of 2016