Apside UK Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03697047 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

APSIDE UK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Klar

SECRETARY:

Jamieson Stone Registrars Limited

REGISTERED OFFICE:

C/o Jamieson Stone

Windsor House

40/41 Great Castle Street

London

W1W 8LU

REGISTERED NUMBER:

03697047 (England and Wales)

ACCOUNTANTS:

Jamieson Stone LLP

Windsor House

40/41 Great Castle Street

London

W1W 8LU

FIXED ASSETS

Tangible assets

2

332

442

CURRENT ASSETS

Debtors

16,828

12,491

Cash at bank

4,586

14,427

21,414

26,918

CREDITORS

Amounts falling due within one year

(1,516,878

)

(1,438,619

)

NET CURRENT LIABILITIES

(1,495,464

)

(1,411,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,495,132

)

(1,411,259

)

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

(1,495,142

)

(1,411,269

)

SHAREHOLDERS' FUNDS

(1,495,132

)

(1,411,259

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 July 2014 and were signed by:

Mr M Klar - Director

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).

Tangible fixed assets

Tangible fixed assets are stated at the cost less depreciation. Depreciation has been calculated to write off the

cost of tangible assets over their expected useful lives at the following rates based on reduced values:

Furniture & fittings

25%

Computer equipment

25%

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred

taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing

differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet

date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

15,897

DEPRECIATION

At 1 January 2013

15,455

Charge for year

110

At 31 December 2013

15,565

NET BOOK VALUE

At 31 December 2013

332

At 31 December 2012

442

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

10

Ordinary

£1

10

10

4.	ULTIMATE PARENT COMPANY

Brainpower SA (incorporated in France ) is regarded by the director as being the company's ultimate parent

company.

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Klar.