Ateeda Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC293692

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ATEEDA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr D J Hamilton

Dr J W Buckie

Dr J C Adams

Mr M G Penn

Mr K P Roberts

Archangel Directors Limited (Gavin Gemmell, Nominated Person)

SECRETARY:

Dr J W Buckie

REGISTERED OFFICE:

CBC House

24 Canning Street

Edinburgh

EH3 8EG

REGISTERED NUMBER:

SC293692

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Tangible assets

2

3,130

3,095

CURRENT ASSETS

Debtors

97,206

9,354

Cash at bank and in hand

40

3,464

97,246

12,818

CREDITORS

Amounts falling due within one year

77,702

174,960

NET CURRENT ASSETS/(LIABILITIES)

19,544

(162,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,674

(159,047

)

CAPITAL AND RESERVES

Called up share capital

3

3,470

2,740

Share premium

3,217,939

2,500,050

Profit and loss account

(3,198,735

)

(2,661,837

)

SHAREHOLDERS' FUNDS

22,674

(159,047

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 4 June 2015 and were signed on its behalf by:

Dr J W Buckie - Director

Dr D J Hamilton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the going concern basis in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008)

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the

goods are completed. Turnover from the supply of services represents the value of services provided under

contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where the contract has only been partially completed at the balance sheet date turnover represents the value of

the service provided to date based on a proportion of the total contract value. Where payments are received from

customers in advance of services provided, the amounts are recorded as deferred income and included as part of

creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

9,656

Additions

2,165

At 31 March 2015

11,821

DEPRECIATION

At 1 April 2014

6,561

Charge for year

2,130

At 31 March 2015

8,691

NET BOOK VALUE

At 31 March 2015

3,130

At 31 March 2014

3,095

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

343,330

Ordinary

0.01

3,433

2,576

(31.3.14 - 257,616 )

3,685

Deferred

0.01

37

164

(31.3.14 - 16,431 )

3,470

2,740

85,714 Ordinary shares of 0.01 each were allotted as fully paid at a premium of 8.37 per share during the year.

4.	RELATED PARTY DISCLOSURES