Tsumebmine Limited - Period Ending 2016-03-31

Registration number: 08463260

Tsumebmine Limited

Unaudited abbreviated accounts

for the year ended 31 March 2016
 

Tsumebmine Limited
Contents

Abbreviated balance sheet 1 to 2

Notes to the abbreviated accounts 3 to 4

Tsumebmine Limited
(Registration number: 08463260)
Abbreviated balance sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets		2			13,171			3,625
Creditors: amounts falling due within one year					(14,368)			(3,987)
Net liabilities					(1,197)			(362)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(1,297)			(462)
Shareholders' deficit					(1,197)			(362)

The notes on pages 3 to 4 form an integral part of these abbreviated accounts.
Page 1

Tsumebmine Limited
(Registration number: 08463260)
Abbreviated balance sheet at 31 March 2016
......... continued

For the year ending 31 March 2016 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the director on 17 November 2016

.........................................
I R Bruce
Director

The notes on pages 3 to 4 form an integral part of these abbreviated accounts.
Page 2

Tsumebmine Limited
Notes to the abbreviated accounts for the year ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Amortisation

Website development costs are to be written off in equal annual instalments over the useful economic life after the commencement of trade

Asset class	Amortisation method and rate
Website development costs	0% straight line

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 April 2015		3,625			3,625
Additions		9,546			9,546
At 31 March 2016		13,171			13,171
Depreciation
At 31 March 2016		-			-
Net book value
At 31 March 2016		13,171			13,171
At 31 March 2015		3,625			3,625

Page 3

Tsumebmine Limited
Notes to the abbreviated accounts for the year ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £ 1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
I Bruce
	-	-	-	93

Page 4