Abbreviated Company Accounts - LIMITLESS MOBILE LIMITED

LIMITLESS MOBILE LIMITED - Company Information

Registered Number 07323927

LIMITLESS MOBILE LIMITED

Abbreviated Accounts

31 August 2013

LIMITLESS MOBILE LIMITED Registered Number 07323927

Abbreviated Balance Sheet as at 31 August 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	56,937	3,919
Tangible assets	3	1,883	-
		58,820	3,919
Current assets
Debtors		175,389	68,999
Cash at bank and in hand		14,291	18,206
		189,680	87,205
Prepayments and accrued income		161,009	-
Creditors: amounts falling due within one year		(685,039)	(95,482)
Net current assets (liabilities)		(334,350)	(8,277)
Total assets less current liabilities		(275,530)	(4,358)
Creditors: amounts falling due after more than one year		(141,934)	-
Total net assets (liabilities)		(417,464)	(4,358)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(417,564)	(4,458)
Shareholders' funds		(417,464)	(4,358)

For the year ending 31 August 2013 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 4 August 2014

And signed on their behalf by:
James Edward Croal, Director

LIMITLESS MOBILE LIMITED Registered Number 07323927

Notes to the Abbreviated Accounts for the period ended 31 August 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the assets on a straight line basis over their estimated useful life. Fixtures and fittings - 10% on cost.

Intangible assets amortisation policy
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

2Intangible fixed assets

	£
Cost
At 1 September 2012	3,919
Additions	53,018
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2013	56,937
Amortisation
At 1 September 2012	-
Charge for the year	-
On disposals	-
At 31 August 2013	-
Net book values
At 31 August 2013	56,937
At 31 August 2012	3,919

Intangible fixed assets relate to the capitalised development in relation to the build of a billing platform to handle future revenue streams

3Tangible fixed assets

	£
Cost
At 1 September 2012	-
Additions	1,883
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2013	1,883
Depreciation
At 1 September 2012	-
Charge for the year	-
On disposals	-
At 31 August 2013	-
Net book values
At 31 August 2013	1,883
At 31 August 2012	-

Tangible fixed assets relate to office furniture and equipment purchased in the year