Abbreviated Company Accounts - PLUS44 HOLDINGS LTD

PLUS44 HOLDINGS LTD - Company Information

08751708 PLUS44 HOLDINGS LTD 2016-10-31 false 2015-11-01 2016-10-31 true 08751708 2015-11-01 2016-10-31 08751708 2016-10-31 08751708 2015-10-31 08751708 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 08751708 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director3 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director3 2016-10-31 uk-gaap-cd-bus:Director3 2015-10-31 uk-gaap-cd-bus:Director4 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director4 2016-10-31 uk-gaap-cd-bus:Director4 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-10-31 iso4217:GBP shares

Registered Number 08751708

PLUS44 HOLDINGS LTD

Abbreviated Accounts

31 October 2016

PLUS44 HOLDINGS LTD Registered Number 08751708

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	11,092	6,584
		11,092	6,584
Current assets
Debtors		41,701	7,262
Cash at bank and in hand		32,660	68,979
		74,361	76,241
Creditors: amounts falling due within one year		(69,978)	(65,180)
Net current assets (liabilities)		4,383	11,061
Total assets less current liabilities		15,475	17,645
Total net assets (liabilities)		15,475	17,645
Capital and reserves
Called up share capital	3	306	252
Share premium account		1,090,454	321,503
Profit and loss account		(1,075,285)	(304,110)
Shareholders' funds		15,475	17,645

For the year ending 31 October 2016 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 7 March 2017

And signed on their behalf by:
C Munnik, Director

PLUS44 HOLDINGS LTD Registered Number 08751708

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

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

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT. The total turnover of the company for the year has been derived from its principal activities.

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

Computer equipment: 33% on straight line basis

Other accounting policies
Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction (or, if hedged forward, at the rate of exchange under the related forward currency contract). Monetary assets and liabilities denominated in foreign currencies are translated using the contracted rate or the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.

Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.

2Tangible fixed assets

	£
Cost
At 1 November 2015	7,791
Additions	8,102
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	15,893
Depreciation
At 1 November 2015	1,207
Charge for the year	3,594
On disposals	-
At 31 October 2016	4,801
Net book values
At 31 October 2016	11,092
At 31 October 2015	6,584

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

	2016 £	2015 £
2,944,009 Ordinary shares of £0.0001 each (2,401,047 shares for 2015)	294	240
114,604 Deferred shares of £0.0001 each	11	11

On 31 March 2016, there was an allotment of 428,898 Ordinary shares at £0.0001 each, resulting in a share premium of £768,951.

A correction of £11 was made with respect to prior year's disclosure figure for the share capital due to a share allotment relating to the prior year filed after submitting the accounts for resp. period.

4Transactions with directors

Name of director receiving advance or credit:	F Kearney
Description of the transaction:	DLA
Balance at 1 November 2015:	£ 1,968
Advances or credits made:	£ 2,066
Advances or credits repaid:	-
Balance at 31 October 2016:	£ 4,034

Name of director receiving advance or credit:	C Munnik
Description of the transaction:	DLA
Balance at 1 November 2015:	-
Advances or credits made:	£ 1,034
Advances or credits repaid:	-
Balance at 31 October 2016:	£ 1,034

There was no interest charged on these balances and there is no term for repayment.