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Company Registration Number:
06203245 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st May 2009

End date: 30th April 2010

SUBMITTED

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Company Information
for the Period Ended
30th April 2010




Director: Martin Tudge
Marcus Tudge
Company secretary: Marcus Tudge
Registered office: 3RD FLOOR WHITE ROSE HOUSE 28a York Place
Leeds
West Yorkshire
LS1 2EZ
Company Registration Number: 06203245 (England and Wales)

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Abbreviated Balance sheet
As at 30th April 2010

Notes 2010
£
2009
£
Fixed assets
Intangible assets: 4 3,210 2,575
Tangible assets: 5 192 288
Total fixed assets: 3,402 2,863
Current assets
Stocks: 0 0
Debtors: 6 170 170
Cash at bank and in hand: 509 124
Total current assets: 679 294
Creditors
Creditors: amounts falling due within one year 7 1,297 605
Net current assets (liabilities): ( 618 ) ( 311 )
Total assets less current liabilities: 2,784 2,552
Creditors: amounts falling due after more than one year: 1,900 2,400
Provision for liabilities: 0 .0
Total net assets (liabilities): 884 152

The notes form part of these financial statements

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Abbreviated Balance sheet
As at 30th April 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 9 100 100
Revaluation reserve: 0 0
Profit and Loss account: 784 52
Total shareholders funds: 884 152

For the year ending 30 April 2010 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.

The financial statements were approved by the Board of Directors on 21 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: Martin Tudge
Status: Director
Name: Marcus Tudge
Status: Director

The notes form part of these financial statements

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Notes to the Abbreviated Accounts
for the Period Ended
30th April 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    Basis of preparation The Company’s financial statements have been prepared, for the third time, in accordance with applicable International Financial Reporting Standards (IFRS), as adopted by the European Union and IFRS as issued by the International Accounting Standards Board (IASB). Overall consideration The significant accounting policies that have been used in the preparation of these financial statements are summarised below. The financial statements have been prepared using the measurement bases specified by IFRS for each type of asset, liability, income and expense. The measurement bases are more fully described in the accounting policies below.

    Turnover policy

    Revenue recognition Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods provided in the normal course of business during the year, net of discounts, VAT and other sales related taxes.

    Tangible fixed assets depreciation policy

    Property, plant and equipment are stated at cost, net of depreciation and any recognised impairment losses. Depreciation is calculated so as to write off the cost of assets, over their estimated useful lives, using the straight-line method as follows: Computer equipment 4 Years

    Intangible fixed assets amortisation policy

    Intangible assets, which comprise of software development and data acquisition costs, are stated at cost, net of accumulated amortisation and any recognised accumulated impairment losses. Internally developed software costs are capitalised where the product or process is technically and commercially feasible, the costs are separately identifiable and the Company has sufficient resources and an intention to complete the development and the correlation between development costs and future revenues has been established. Software development costs comprise the external purchase costs of technical programming and imaging. Other intangible assets, which comprise of data acquisition costs such as question data, are stated at cost, net of amortisation and any recognised impairment loss. Data acquisition costs comprise the external purchase costs of question data created by professional freelance writers which is integral to the software.

    Valuation information and policy

    Significant accounting estimates and judgements The Company makes various judgements in applying its accounting policies and various assumptions and estimates, including about the future, when determining the carrying value of certain assets and liabilities. As at 30 April 2010 there were no such judgements or assumptions that had a significant effect on the amounts recognised in the financial statements, or a significant risk of causing material adjustment to the carrying amounts of assets and liabilities in the next financial year.

  • 4. Intangible assets

    Total
    Cost £
    At 01st May 2009: 3,111
    Additions: 1,051
    4,162
    Amortisation £
    At 01st May 2009: 536
    Provided during the period: 416
    At 30th April 2010: 952
    Net book value £
    At 30th April 2010: 3,210
    At 30th April 2009: 2,575

  • 5. Tangible assets

    Total
    Cost £
    At 01st May 2009: 384
    At 30th April 2010: 384
    Depreciation
    At 01st May 2009: 96
    Charge for year: 96
    At 30th April 2010: 192
    Net book value
    At 30th April 2010: 192
    At 30th April 2009: 288

  • 6. Debtors

    2010
    £
    2009
    £
    Trade debtors: 13 14
    Prepayments and accrued income: 157 156
    Total: 170 170

  • 7. Creditors: amounts falling due within one year

    2010
    £
    2009
    £
    Trade creditors: 439 43
    Taxation and social security: 330 22
    Accruals and deferred income: 4 54
    Other creditors: 524 486
    Total: 1,297 605

  • 9. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1 100
    Total share capital: 100
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1 100
    Total share capital: 100