Modelhub Limited - Limited company - abbreviated - 11.6
Modelhub Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| MODELHUB LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014 |
| MODELHUB LIMITED (REGISTERED NUMBER: SC396791) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| For The Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| MODELHUB LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 March 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| MODELHUB LIMITED (REGISTERED NUMBER: SC396791) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2014 |
| 31.3.14 | 31.3.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the Board of Directors on by: |
| MODELHUB LIMITED (REGISTERED NUMBER: SC396791) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| For The Year Ended 31 March 2014 |
| 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). |
| Intellectual property |
| Intellectual property acquired in 2012 is being amortised over ten years which is considered to be its useful life. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value |
| of each asset over its estimated useful life. |
| Website - 10% on cost |
| Going concern |
| The directors have prepared the accounts on a going concern basis despite there being net liabilities at the |
| balance sheet date as one of the directors is the company's main creditor and he will not seek repayment of his |
| loan until such time as the company has sufficient funds. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| and 31 March 2014 |
| AMORTISATION |
| At 1 April 2013 |
| Amortisation for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31 March 2014 |
| DEPRECIATION |
| Charge for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| MODELHUB LIMITED (REGISTERED NUMBER: SC396791) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| For The Year Ended 31 March 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
| value: | £ | £ |
| Ordinary | £1 |