Abbreviated Company Accounts - MESURO LIMITED

06706702 MESURO LIMITED 2015-01-15 false 2014-01-01 2015-01-15 true 06706702 2014-01-01 2015-01-15 06706702 2015-01-15 06706702 2013-12-31 06706702 uk-gaap-cd-bus:Director1 2014-01-01 2015-01-15 06706702 uk-gaap-cd-bus:Director2 2014-01-01 2015-01-15 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2015-01-15 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-15 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 06706702

MESURO LIMITED

Abbreviated Accounts

15 January 2015

MESURO LIMITED Registered Number 06706702

Abbreviated Balance Sheet as at 15 January 2015

	Notes	15/01/2015	31/12/2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	39,363	81,308
Investments		-	-
		39,363	81,308
Current assets
Stocks		20,685	16,991
Debtors		8,989	242,282
Investments		-	-
Cash at bank and in hand		20,197	73,361
		49,871	332,634
Prepayments and accrued income		13,055	6,138
Creditors: amounts falling due within one year		(84,978)	(60,496)
Net current assets (liabilities)		(22,052)	278,276
Total assets less current liabilities		17,311	359,584
Creditors: amounts falling due after more than one year		0	(1,306,942)
Provisions for liabilities		0	0
Accruals and deferred income		(2,568)	(111,611)
Total net assets (liabilities)		14,743	(1,058,969)
Capital and reserves
Called up share capital	3	3,999	2,865
Share premium account		3,496,193	2,019,778
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(3,485,449)	(3,081,612)
Shareholders' funds		14,743	(1,058,969)

For the year ending 15 January 2015 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.

Approved by the Board on 30 September 2015

And signed on their behalf by:
Mr T Christos, Director

MESURO LIMITED Registered Number 06706702

Notes to the Abbreviated Accounts for the period ended 15 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared on a going concern basis as the directors believe this to remain appropriate demonstrated by the continuation and extension of facilities in the year and the continued support of the company's additional funders and bankers.

The financial statements The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Plant & Machinery - Straight line over 3 years.
Equipment - Straight line over 3 years.

Valuation information and policy
Government grants
Grant income is initially credited to deferred income when it is receivable towards capital expenditure. Grants toward capital expenditure are released to the profit and loss account over the expected useful life of the asset to which they relate.

Grant income in relation to revenue is recognised in the period to which it relates.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Research and development
Expenditure on research and development is written off in the year in which it is incurred.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 January 2014	213,125
Additions	21,117
Disposals	(33,989)
Revaluations	0
Transfers	0
At 15 January 2015	200,253
Depreciation
At 1 January 2014	131,817
Charge for the year	55,817
On disposals	(26,744)
At 15 January 2015	160,890
Net book values
At 15 January 2015	39,363
At 31 December 2013	81,308

3Called Up Share Capital
Allotted, called up and fully paid:

	15/01/2015 £	31/12/2013 £
3,999 Ordinary shares of £1 each (2,865 shares for 31/12/2013)	3,999	2,865

1,134 Ordinary Shares of £1 each were alloted and fully paid for cash during the period.

On 15 January 2015, 3055931 Canada Inc. purchased 100% of the share capital of the company for cash and the company became a wholly owned subsidiary therefore.