Abbreviated Company Accounts - EXALIME LIMITED

Registered Number 01314247

EXALIME LIMITED

Abbreviated Accounts

31 December 2015

EXALIME LIMITED Registered Number 01314247

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,286	701
		1,286	701
Current assets
Debtors		1,470	190
Cash at bank and in hand		469	-
		1,939	190
Creditors: amounts falling due within one year		(66,222)	(60,414)
Net current assets (liabilities)		(64,283)	(60,224)
Total assets less current liabilities		(62,997)	(59,523)
Total net assets (liabilities)		(62,997)	(59,523)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(63,097)	(59,623)
Shareholders' funds		(62,997)	(59,523)

For the year ending 31 December 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 9 August 2016

And signed on their behalf by:
JS Milligan, Director

EXALIME LIMITED Registered Number 01314247

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

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

Turnover policy
Turnover comprises the value of sales excluding value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less estimated residual value, over their expected useful lives on the following bases:
Furniture and equipment 15% per annum straight line basis
Computer equipment 25% per annum straight line basis

2Tangible fixed assets

	£
Cost
At 1 January 2015	8,120
Additions	1,118
Disposals	(2,476)
Revaluations	-
Transfers	-
At 31 December 2015	6,762
Depreciation
At 1 January 2015	7,419
Charge for the year	532
On disposals	(2,475)
At 31 December 2015	5,476
Net book values
At 31 December 2015	1,286
At 31 December 2014	701