Make It Mobile Limited - Period Ending 2016-10-31

Registration number: 08717709

Make It Mobile Limited

trading as Make It Mobile Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

V&A Vigar & Co LLP
Chartered Accountants and Chartered Tax Advisers
C/O Stoneygate House
2 Greenfield Road
Holmfirth
HD9 2JT

Make It Mobile Limited
trading as Make It Mobile Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Make It Mobile Limited
trading as Make It Mobile Ltd
(Registration number: 08717709)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					176			990
Current assets
Debtors					14,657			21,313
Cash at bank and in hand					40,081			21,519
					54,738			42,832
Creditors: Amounts falling due within one year					(21,459)			(23,073)
Net current assets					33,279			19,759
Total assets less current liabilities					33,455			20,749
Provisions for liabilities					(35)			(198)
Net assets					33,420			20,551
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					33,419			20,550
Shareholders' funds					33,420			20,551

For the year ending 31 October 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 18 April 2017 and signed on its behalf by:

.........................................
Mr David Roger Moreau
Director

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

Make It Mobile Limited
trading as Make It Mobile Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 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

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 basis
Fixtures and fittings	20% straight line basis

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Page 2

Make It Mobile Limited
trading as Make It Mobile Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2015		2,492			2,492
At 31 October 2016		2,492			2,492
Depreciation
At 1 November 2015		1,502			1,502
Charge for the year		814			814
At 31 October 2016		2,316			2,316
Net book value
At 31 October 2016		176			176
At 31 October 2015		990			990

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £0.01 each		100			1			100			1

4	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Mr & Mrs Moreau (Directors and shareholders) Included in other debtors are amounts to the Director which arise because the monies drawn are less than the wages, dividends and expenses paid on behalf of the company. At the balance sheet date the amount due (to)/from Mr & Mrs Moreau was (£317) (2015 - £12,286).

Page 3