51 Degrees Mobile Experts Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06880938 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 MAY 2013 TO 31 MARCH 2014

FOR

51 DEGREES MOBILE EXPERTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J W Rosewell

Mrs S R Rosewell

H Medcraft

REGISTERED OFFICE:

5 Charlotte Close

Caversham

Reading

Berkshire

RG4 7BY

REGISTERED NUMBER:

06880938 (England and Wales)

FIXED ASSETS

Intangible assets

2

14,217

27,139

CURRENT ASSETS

Debtors

19,350

-

Cash at bank

3,869

12,292

23,219

12,292

CREDITORS

Amounts falling due within one year

91,263

86,560

NET CURRENT LIABILITIES

(68,044

)

(74,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(53,827

)

(47,129

)

CAPITAL AND RESERVES

Called up share capital

3

111

111

Share premium

989

-

Profit and loss account

(54,927

)

(47,240

)

SHAREHOLDERS' FUNDS

(53,827

)

(47,129

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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 30 December 2014 and were signed on its behalf by:

Mrs S R Rosewell - 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 user licences, excluding value added tax.

Intangible assets

Development expenditure is normally written off in the year of expenditure, however expenditure

incurred on specific projects is capitalised when recoverability can be foreseen with reasonable

certainty and is amortised in relation to sales from such projects.

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 31 March 2014

56,785

AMORTISATION

At 1 May 2013

29,646

Amortisation for period

12,922

At 31 March 2014

42,568

NET BOOK VALUE

At 31 March 2014

14,217

At 30 April 2013

27,139

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

30.4.13

value:

£

£

111

Ordinary

£1

111

111