Tigmus Limited - Period Ending 2016-03-31

Registration number: 08924732

Tigmus Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Tigmus Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Tigmus Limited
(Registration number: 08924732)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £			31 March 2015 £
Fixed assets
Tangible fixed assets					32,056			35,386
Current assets
Debtors					5,662			7,463
Cash at bank and in hand					4,642			124,483
					10,304			131,946
Creditors: Amounts falling due within one year					(26,412)			(174,110)
Net current liabilities					(16,108)			(42,164)
Total assets less current liabilities					15,948			(6,778)
Creditors: Amounts falling due after more than one year					-			(20,000)
Net assets/(liabilities)					15,948			(26,778)
Capital and reserves
Called up share capital		3			10			2
Share premium account					149,998			-
Profit and loss account					(134,060)			(26,780)
Shareholders' funds/(deficit)					15,948			(26,778)

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 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 22 December 2016 and signed on its behalf by:

.........................................
T Hodgson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Tigmus 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Fixed assets with a value greater than £1,000 are capitalised. Items less than £1,000 are included in the profit and loss account.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Website	4 years straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		35,386			35,386
Additions		7,356			7,356
At 31 March 2016		42,742			42,742
Depreciation
Charge for the year		10,686			10,686
At 31 March 2016		10,686			10,686
Net book value
At 31 March 2016		32,056			32,056
At 31 March 2015		35,386			35,386

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016						31 March 2015
		No.			£			No.			£
Ordinary shares of £0.01 (2015 - £1) each		1,000			10			2			2

Page 2

Tigmus Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

New shares allotted

During the year 150 Ordinary shares having an aggregate nominal value of £2 were allotted for an aggregate consideration of £149,998. The shares were allotted for cash.

During the year 650 Ordinary shares having an aggregate nominal value of £7 were allotted for an aggregate consideration of £nil. The shares were issued to the directors.

Subdivision of shares

During the year 2 Ordinary shares having an aggregate nominal value of £2 were subdivided into 200 Ordinary shares having an aggregate nominal value of £2. Thereafter, the nominal value of all shares was £0.01.

Page 3