Abbreviated Company Accounts - EXTREMIS TECHNOLOGY LIMITED

EXTREMIS TECHNOLOGY LIMITED - Company Information

07133802 EXTREMIS TECHNOLOGY LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 07133802 2013-02-01 2014-01-31 07133802 2014-01-31 07133802 2013-01-31 07133802 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 07133802 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:Director3 2013-02-01 2014-01-31 uk-gaap-cd-bus:Director3 2014-01-31 uk-gaap-cd-bus:Director3 2013-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 07133802

EXTREMIS TECHNOLOGY LIMITED

Abbreviated Accounts

31 January 2014

EXTREMIS TECHNOLOGY LIMITED Registered Number 07133802

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	31,431	-
		31,431	-
Current assets
Debtors		12,391	2,181
Cash at bank and in hand		23,995	17,882
		36,386	20,063
Creditors: amounts falling due within one year		(1,523)	(597)
Net current assets (liabilities)		34,863	19,466
Total assets less current liabilities		66,294	19,466
Creditors: amounts falling due after more than one year		(75,000)	-
Total net assets (liabilities)		(8,706)	19,466
Capital and reserves
Called up share capital	3	1,100	125
Share premium account		94,900	20,000
Profit and loss account		(104,706)	(659)
Shareholders' funds		(8,706)	19,466

For the year ending 31 January 2014 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 21 October 2014

And signed on their behalf by:
Mark Aspinall, Director

EXTREMIS TECHNOLOGY LIMITED Registered Number 07133802

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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.

Intangible assets amortisation policy
Where patent expenditure is capitalised, it is amortised in accordance with the expected term of the income streams. Amortisation does not commence until the income from the relevant project companies begins.

Other accounting policies
Patents

Patents are valued at cost less accumulated amortisation.

Secured Convertible loan of £75k was taken out in the year. This is secured by way of a debenture on the company`s assets. Repayment term 3 years.

1.3. Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

Going concern

The directors are confident that although the balance sheet is currently in deficit, Extremis Technology Ltd is a going concern and are currently in the process of refinancing/restructuring.

2Intangible fixed assets

	£
Cost
At 1 February 2013	-
Additions	31,431
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	31,431
Amortisation
At 1 February 2013	-
Charge for the year	-
On disposals	-
At 31 January 2014	-
Net book values
At 31 January 2014	31,431
At 31 January 2013	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,100 Ordinary shares of £1 each (125 shares for 2013)	1,100	125

975 Ordinary shares were issued in the year. Of which 100 ordinary shares were issued at a premium of £749 per share

4Transactions with directors

Name of director receiving advance or credit:	Mark Aspinall
Description of the transaction:	Movement in the year
Balance at 1 February 2013:	£ 0
Advances or credits made:	£ 1
Advances or credits repaid:	-
Balance at 31 January 2014:	£ 1

M Aspinall, director and shareholder of Thurton Ethical Investments Ltd received £7k from Extremis Technology Ltd for consultancy services in the year. J Glenn and A Gowan, directors and shareholders of Glen Gowan Consultancy Ltd received £6k from Extremis Technology Ltd for consultancy services in the year. M Aspinall and D Watson, directors and shareholders of 4NRG Ltd received £19,656 for consultancy services and £2,759 for rent and related services from Extremis Technology Ltd in the year. £750 was owed to Extremis Technology Ltd as at 31 January 2014.