The Interest Network Limited - Limited company accounts 11.1
The Interest Network Limited - Limited company accounts 11.1
| REGISTERED NUMBER: |
| Report of the Directors and |
| Financial Statements for the Period 1 January 2014 to 30 September 2014 |
| for |
| The Interest Network Limited |
| The Interest Network Limited (Registered number: 08322122) |
| Contents of the Financial Statements |
| for the Period 1 January 2014 to 30 September 2014 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| The Interest Network Limited |
| Company Information |
| for the Period 1 January 2014 to 30 September 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Interest Network Limited (Registered number: 08322122) |
| Report of the Directors |
| for the Period 1 January 2014 to 30 September 2014 |
| The directors present their report with the financial statements of the company for the period 1 January 2014 to |
| 30 September 2014. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the period under review was that of business and domestic software |
| development. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 January 2014 to the date of this |
| report. |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| The Interest Network Limited (Registered number: 08322122) |
| Profit and Loss Account |
| for the Period 1 January 2014 to 30 September 2014 |
| Period | Period |
| 1.1.14 | 7.12.12 |
| to | to |
| 30.9.14 | 31.12.13 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT/(LOSS) | ( |
) |
| Administrative expenses |
| OPERATING LOSS and |
| LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION |
2 |
( |
) | ( |
) |
| Tax on loss on ordinary activities | 3 |
| LOSS FOR THE FINANCIAL PERIOD | ( |
) | ( |
) |
| The Interest Network Limited (Registered number: 08322122) |
| Balance Sheet |
| 30 September 2014 |
| 30.9.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium | 8 |
| Profit and loss account | 8 | ( |
) | ( |
) |
| 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 |
| The Interest Network Limited (Registered number: 08322122) |
| Notes to the Financial Statements |
| for the Period 1 January 2014 to 30 September 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). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 2. | OPERATING LOSS |
| The operating loss is stated after charging: |
| Period | Period |
| 1.1.14 | 7.12.12 |
| to | to |
| 30.9.14 | 31.12.13 |
| £ | £ |
| Depreciation - owned assets |
| Foreign exchange differences |
| Directors' remuneration and other benefits etc |
| 3. | TAXATION |
| Analysis of the tax charge |
| No liability to UK corporation tax arose on ordinary activities for the period ended 30 September 2014 nor for |
| the period ended 31 December 2013. |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 January 2014 |
| and 30 September 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| Charge for period |
| At 30 September 2014 |
| NET BOOK VALUE |
| At 30 September 2014 |
| At 31 December 2013 |
| The Interest Network Limited (Registered number: 08322122) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2014 to 30 September 2014 |
| 5. | DEBTORS |
| 30.9.14 | 31.12.13 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors | 1,200 | 6,000 |
| Other debtors | 1,100 | 1,100 |
| Amounts falling due after more than one year: |
| Other debtors | 700 | 700 |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.14 | 31.12.13 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary | £1 |
| 100 Ordinary shares of £1 each were issued during the period for cash of £100,000. |
| 8. | RESERVES |
| Profit |
| and loss | Share |
| account | premium | Totals |
| £ | £ | £ |
| At 1 January 2014 | ( |
) |
| Deficit for the period | ( |
) | ( |
) |
| Cash share issue | - | 99,900 | 99,900 |
| At 30 September 2014 | ( |
) | ( |
) |