Reload Digital Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07298635 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

RELOAD DIGITAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L Jury

C A Somerville

SECRETARY:

L Jury

REGISTERED OFFICE:

Jackson House

Station Road

Chingford

London

E4 7BU

REGISTERED NUMBER:

07298635 (England and Wales)

ACCOUNTANTS:

Barrow LLP

Chartered Accountants

Jackson House

Station Road

Chingford

London

E4 7BU

FIXED ASSETS

Tangible assets

2

5,511

4,155

CURRENT ASSETS

Debtors

30,020

34,620

Cash at bank and in hand

35,540

22,412

65,560

57,032

CREDITORS

Amounts falling due within one year

45,460

23,467

NET CURRENT ASSETS

20,100

33,565

TOTAL ASSETS LESS CURRENT LIABILITIES

25,611

37,720

CREDITORS

Amounts falling due after more than one year

101,910

68,186

NET LIABILITIES

(76,299

)

(30,466

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(76,399

)

(30,566

)

SHAREHOLDERS' FUNDS

(76,299

)

(30,466

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 29 March 2016 and were signed on its behalf by:

C A Somerville - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company meets its working capital requirements with the support of its parent company, Reload Business Group Pty

Limited and has received assurances that this support will continue.

On the basis of the above, the directors consider it appropriate to prepare financial statements on a going concern basis. The

financial statements therefore do not include any adjustments that would result from a withdrawal of financial support from its

parent company.

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).

Turnover

Turnover represents net invoiced fees receivable for services provided, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

6,577

Additions

2,882

At 30 June 2015

9,459

DEPRECIATION

At 1 July 2014

2,422

Charge for year

1,526

At 30 June 2015

3,948

NET BOOK VALUE

At 30 June 2015

5,511

At 30 June 2014

4,155

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE PARENT COMPANY

The ultimate parent company is Reload Business Group Pty Limited, a company registered in Australia.