Mosaic Online Systems Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05248631 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2014

for

MOSAIC ONLINE SYSTEMS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Fleming-Smith

M Arnold

Mrs K Fleming-Smith

SECRETARY:

N Fleming-Smith

REGISTERED OFFICE:

A1 Yeoman Gate

Yeoman Way

Worthing

West Sussex

BN13 3QZ

REGISTERED NUMBER:

05248631 (England and Wales)

ACCOUNTANTS:

MastersFuller

Chartered Certified Accountants

38 Salisbury Road

Worthing

West Sussex

BN11 1RD

FIXED ASSETS

Tangible assets

2

561,747

294,308

CURRENT ASSETS

Debtors

1,649,652

656,790

Cash at bank

379,781

319,330

2,029,433

976,120

CREDITORS

Amounts falling due within one year

643,341

254,933

NET CURRENT ASSETS

1,386,092

721,187

TOTAL ASSETS LESS CURRENT LIABILITIES

1,947,839

1,015,495

PROVISIONS FOR LIABILITIES

65,114

30,369

NET ASSETS

1,882,725

985,126

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

1,882,525

984,926

SHAREHOLDERS' FUNDS

1,882,725

985,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19th December 2014 and were signed on its behalf by:

N Fleming-Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

over the term of the lease

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

491,320

Additions

446,037

Disposals

(74,092

)

At 31st March 2014

863,265

DEPRECIATION

At 1st April 2013

197,012

Charge for year

171,398

Eliminated on disposal

(66,892

)

At 31st March 2014

301,518

NET BOOK VALUE

At 31st March 2014

561,747

At 31st March 2013

294,308

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

200

Ordinary

£1

200

200