REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
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Living Indie Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
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for |
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Living Indie Ltd |
Living Indie Ltd (Registered number: 08392696) |
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Contents of the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
Living Indie Ltd (Registered number: 08392696) |
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Abbreviated Balance Sheet |
29 February 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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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 |
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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/(LIABILITIES) |
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( |
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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. |
Living Indie Ltd (Registered number: 08392696) |
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Abbreviated Balance Sheet - continued |
29 February 2016 |
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The financial statements were approved by the director on
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Living Indie Ltd (Registered number: 08392696) |
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Notes to the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
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1. | ACCOUNTING POLICIES |
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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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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. |
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Research and development |
Research and development will be amortised over its estimated economic useful life, from the point the |
developed product comes into use. |
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Tangible fixed assets |
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Computer equipment | - |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
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At 29 February 2016 |
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NET BOOK VALUE |
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At 29 February 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
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At 29 February 2016 |
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DEPRECIATION |
Charge for year |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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Living Indie Ltd (Registered number: 08392696) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 29 February 2016 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid; |
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Class | No. of shares | Nominal value | 2016 | 2015 |
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Ordinary | 5,000 | £0.78 | - | 3,923 |
A Ordinary Shares | 6,146,718 | £0.00073 | 4,487 | - |
B Investment Shares | 214,392 | £0.00073 | 157 | - |
4,644 | 3,923 |
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In the year ended 28 February 2015 the share capital of the company was 5,000 Ordinary 1 Euro shares, these |
were translated at the year end exchange rate to 5,000 Ordinary £0.78 shares. On 16 April 2015 the 5,000 |
Ordinary 1 Euro share were redenominated at the exchange rate on the day to 5,000 Ordinary £0.73 shares. |
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On 19 June 2015 the 5,000 Ordinary shares of £0.73 were sub divided to 5,000,000 Ordinary shares of |
£0.00073. |
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In addition, on 19 June 2015, the 5,000,000 Ordinary shares were recategorised to 5,000,000 A Ordinary Shares. |
In addition, 1,146,718 A Ordinary Shares of £0.00073 each and 214,392 B Investment Shares of £0.00073 were |
issued |
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Of the above share issue, 450,000 were issued on conversion of the convertible loan note brought forward of |
£51,006. Furthermore 891,462 shares were issued for a total consideration of £207,370. |