MASSIVE ANALYTIC LIMITED
|
Registered number: |
07137975
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
285,350 |
|
|
246,405 |
Tangible assets |
3 |
|
|
3,988 |
|
|
3,545 |
|
|
|
|
289,338 |
|
|
249,950 |
|
Current assets |
Debtors |
|
|
3,758 |
|
|
5,367 |
Cash at bank and in hand |
|
|
19,568 |
|
|
53,202 |
|
|
|
23,326 |
|
|
58,569 |
|
Creditors: amounts falling due within one year |
|
|
(54,115) |
|
|
(7,535) |
|
Net current (liabilities)/assets |
|
|
|
(30,789) |
|
|
51,034 |
|
Net assets |
|
|
|
258,549 |
|
|
300,984 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
328,666 |
|
|
273,395 |
Share premium |
|
|
|
826,218 |
|
|
488,837 |
Profit and loss account |
|
|
|
(896,335) |
|
|
(461,248) |
|
Shareholders' funds |
|
|
|
258,549 |
|
|
300,984 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr G Frangou |
Director |
Approved by the board on 13 May 2016
|
|
MASSIVE ANALYTIC LIMITED
|
Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line
|
|
|
Research and development |
|
Expenditure on research and development is normally written off in the year it is incurred, except that development expenditure incurred on a clearly defined project and of which future recoverability can reasonably be regarded as assured is carried forward as permitted by the Financial Reporting Standard for Smaller Entities (effective January 2015). The expenditure carried forward is treated as an intangible fixed asset and amortised over its expected economic life of three years. Deferred development expenditure is reviewed annually, and where future benefits are deemed to have ceased or be in doubt, the balance of any unamortised expenditure is written off to the profit and loss account. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
477,493 |
|
Additions |
297,160 |
|
At 31 December 2015 |
774,653 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2015 |
231,088 |
|
Provided during the year |
258,215 |
|
At 31 December 2015 |
489,303 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
285,350 |
|
At 31 December 2014 |
246,405 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
7,913 |
|
Additions |
2,107 |
|
At 31 December 2015 |
10,020 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
4,368 |
|
Charge for the year |
1,664 |
|
At 31 December 2015 |
6,032 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
3,988 |
|
At 31 December 2014 |
3,545 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
326,107 |
|
326,107 |
|
267,906 |
|
B Ordinary shares
|
£1 each |
|
2,559 |
|
2,559 |
|
5,489 |
|
|
|
|
|
|
328,666 |
|
273,395 |
|
|
|
|
|
|
|
|
|
Nominal |
Number |
Amount |
value |
£ |
|
Shares issued during the period: |
|
Ordinary shares
|
£1 each |
|
58,201 |
|
58,201 |
|
B Ordinary shares
|
£1 each |
|
(2,930) |
|
(2,930) |
|
|
|
|
|
|
55,271 |
|
|
|
|
|
|
|