REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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BLENDOLOGY LIMITED |
DRAFT |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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BLENDOLOGY LIMITED |
BLENDOLOGY LIMITED (REGISTERED NUMBER: 07681088) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the year ended 31 December 2015 |
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DRAFT |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
BLENDOLOGY LIMITED (REGISTERED NUMBER: 07681088) |
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ABBREVIATED BALANCE SHEET |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT 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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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
BLENDOLOGY LIMITED (REGISTERED NUMBER: 07681088) |
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ABBREVIATED BALANCE SHEET - continued |
31 December 2015 |
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DRAFT |
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The financial statements were approved by the director on
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BLENDOLOGY LIMITED (REGISTERED NUMBER: 07681088) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 31 December 2015 |
DRAFT |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting |
policies adopted in the preparation of the financial statements are set out below. |
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At 31 December 2014 the company had net current liabilities of £73,619 (2013: £35,831) and net assets of |
£83,221 (2013: £96,848). The company is in the process of developing social media technology and is currently |
reliant upon the support of its director and investors. The director is confident that the company will soon be in a |
position to trade profitably and therefore the financial statements have been prepared on a going concern basis. |
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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 January 2015). |
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Turnover |
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal |
course of business. Revenue is recognised in respect of service contracts when the company obtains the right to |
consideration. |
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Tangible fixed assets |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Research and development |
Expenditure on research and development is generally written off in the year in which it is incurred. However, |
some expenditure on research and development has been capitalised. Once the product to which these costs |
relate becomes commercially viable this expenditure will be amortised over a period of 10 years. |
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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. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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NET BOOK VALUE |
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At 31 December 2015 |
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At 31 December 2014 |
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BLENDOLOGY LIMITED (REGISTERED NUMBER: 07681088) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the year ended 31 December 2015 |
DRAFT |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | 1p |
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