MICROSITE_LEAD_GENERATION - Accounts

MICROSITE LEAD GENERATION SYSTEMS LTD - Company Information

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Company Registration No. 08892352 (England and Wales)

MICROSITE LEAD GENERATION SYSTEMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2016

MICROSITE LEAD GENERATION SYSTEMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MICROSITE LEAD GENERATION SYSTEMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

4,283

1,130

Current assets

Debtors

46,810

5,104

Cash at bank and in hand

512,498

159,017

559,308

164,121

Creditors: amounts falling due within one year

(501,092)

(119,338)

Net current assets

58,216

44,783

Total assets less current liabilities

62,499

45,913

Capital and reserves

Called up share capital

Profit and loss account

62,495

45,911

Shareholders' funds

62,499

45,913

For the financial period ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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 17 October 2016

A Lenney

Director

Company Registration No. 08892352

MICROSITE LEAD GENERATION SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2016

- 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 goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

- 33% straight line

Motor vehicles

- 25% straight line

Fixed assets

Tangible assets

Cost

At 1 March 2015

1,695

Additions

7,585

At 31 August 2016

9,280

Depreciation

At 1 March 2015

565

Charge for the period

4,432

At 31 August 2016

4,997

Net book value

At 31 August 2016

4,283

At 28 February 2015

1,130

MICROSITE LEAD GENERATION SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 AUGUST 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

4 A Shares of £1 each

During the period 31 August 2016 2 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.