Engine13 Limited - Period Ending 2016-06-30

Registration number: 08564805

Engine13 Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Beever and Struthers
Chartered Accountants
St George's House
215-219 Chester Road
Manchester
Lancashire
M15 4JE

Engine13 Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Engine13 Limited
(Registration number: 08564805)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					-			650
Current assets
Debtors		3			97,658			80,315
Cash at bank and in hand					35,599			14,837
					133,257			95,152
Creditors: Amounts falling due within one year					(93,253)			(95,244)
Net current assets/(liabilities)					40,004			(92)
Net assets					40,004			558
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					39,904			458
Shareholders' funds					40,004			558

For the year ending 30 June 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 31 March 2017

......................................... Mr J D Leeming Director

The notes on pages 2 to 4 form an integral part of these financial statements.
  Page 1

Engine13 Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 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 supply of management services to customers.

Depreciation

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
Office equipment	33.33% Straight line

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Engine13 Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		1,952			1,952
At 30 June 2016		1,952			1,952
Depreciation
At 1 July 2015		1,302			1,302
Charge for the year		650			650
At 30 June 2016		1,952			1,952
Net book value
At 30 June 2016		-			-
At 30 June 2015		650			650

3

Debtors

Debtors includes £5,149 (2015 - £nil) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

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

5	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr J D Leeming

Page 3

Engine13 Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

Net cash advanced during the year	14,747	-	15,280	-
Personal expenses paid	5,004	-	1,273	-
Interest charged	862	-	266	-
	20,613	-	16,819	-
Mr D W Hargreaves
Net cash advanced during the year	-	-	17,108	-
Personal expenses paid	-	-	2,358	-
Interest received	-	-	492	-
	-	-	19,958	-

Page 4