MPULSE_LIMITED - Accounts

MPULSE LIMITED - Company Information

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Company Registration No. 03033894 (England and Wales)

MPULSE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

MPULSE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MPULSE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

346

560

Current assets

Debtors

178,185

99,851

Cash at bank and in hand

117,281

85,751

295,466

185,602

Creditors: amounts falling due within one year

(281,251)

(184,206)

Net current assets

14,215

1,396

Total assets less current liabilities

14,561

1,956

14,561

1,956

Capital and reserves

Called up share capital

550

Other reserves

450

Profit and loss account

13,561

956

Shareholders' funds

14,561

1,956

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 December 2016

P.A. Gold

Director

Company Registration No. 03033894

MPULSE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services provided during the year net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% p.a. straight line

Fixtures, fittings & equipment

25% p.a. straight line

1.5

Revenue recognition

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

12,665

Depreciation

At 1 April 2015

12,105

Charge for the year

214

At 31 March 2016

12,319

Net book value

At 31 March 2016

346

At 31 March 2015

560

MPULSE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

550 A Ordinary shares of £1 each

550