Mindstar Technology Ltd - Period Ending 2014-04-30

Registration number: 07613809

Mindstar Technology Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

Mindstar Technology Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Mindstar Technology Ltd
(Registration number: 07613809)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					199			323
Current assets
Debtors					230			387
Cash at bank and in hand					10,905			35,196
					11,135			35,583
Creditors: Amounts falling due within one year					(11,234)			(19,858)
Net current (liabilities)/assets					(99)			15,725
Net assets					100			16,048
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					-			15,948
Shareholders' funds					100			16,048

For the year ending 30 April 2014 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 director acknowledges his 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 director on 8 December 2014

.........................................
Mr Gary DiGirolamo
Director

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

Mindstar Technology Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... 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 April 2008).

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% on cost
Fixtures and fittings	33.33% on cost

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		372			372
At 30 April 2014		372			372
Depreciation
At 1 May 2013		49			49
Charge for the year		124			124
At 30 April 2014		173			173
Net book value
At 30 April 2014		199			199
At 30 April 2013		323			323

Page 2

Mindstar Technology Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3