Registered Number 04340398
MEM-TEQ VENTURES LIMITED
Abbreviated Accounts
31 May 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 5 |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and Machinery (Tooling) - economic life based on production cycles
Intangible assets amortisation policy
Research & Development - 6% on a straight line basis
Other accounting policies
The Company is committed to investing in Research and Development. Expenditure is allocated for defined projects once technical feasibility and financial viability is established.
Leasehold Improvements
In view of the nature and location of the Leasehold Improvements and the commitment of the Company to maintain the structure in a good order, no depreciation has been provided in the year under review.
£ | |
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Cost | |
At 1 June 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2015 |
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Amortisation | |
At 1 June 2014 |
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Charge for the year |
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On disposals |
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At 31 May 2015 |
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Net book values | |
At 31 May 2015 | 60,943 |
At 31 May 2014 | 66,395 |
£ | |
---|---|
Cost | |
At 1 June 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 May 2015 |
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Depreciation | |
At 1 June 2014 |
|
Charge for the year |
|
On disposals |
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At 31 May 2015 |
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Net book values | |
At 31 May 2015 | 95,877 |
At 31 May 2014 | 95,954 |
2015
£ |
2014
£ |
|
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Debtors include the following amounts due after more than one year |
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