Abbreviated Company Accounts - SHOPKEEP.COM LTD

SHOPKEEP.COM LTD Registered Number NI620807

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	132,817	110,687
		132,817	110,687
Current assets
Stocks		2,633	-
Debtors		506,767	83,284
Cash at bank and in hand		227,884	133,147
		737,284	216,431
Creditors: amounts falling due within one year		(229,161)	(60,520)
Net current assets (liabilities)		508,123	155,911
Total assets less current liabilities		640,940	266,598
Provisions for liabilities		(26,563)	(22,137)
Total net assets (liabilities)		614,377	244,461
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		614,376	244,460
Shareholders' funds		614,377	244,461

For the year ending 31 December 2015 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 29 September 2016

And signed on their behalf by:
John Baule, Director

SHOPKEEP.COM LTD Registered Number NI620807

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have
been prepared under the historical cost convention and in accordance with applicable accounting
standards.

Turnover policy
Turnover represents net sales to customers and excludes Value Added Tax. Turnover is recognised
upon delivery of the goods and services to the customer.
Subscription revenue is recognised on a straight line basis over the period of the service delivery.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Long-term leasehold property - 20% Straight Line
Fixtures and fittings - 14.29% Straight Line
Computer equipment - 33.33% Straight Line

Other accounting policies
Going Concern
The Directors of Shopkeep.com Limited have reviewed the appropiateness of the going concern
assumption and consider that the company has sufficient resources to continue as a trading entity for the foreseeable future.

Ultimate parent undertaking and controlling party
The company is wholly owned by Shopkeep.com Inc.

2Tangible fixed assets

	£
Cost
At 1 January 2015	136,764
Additions	67,858
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	204,622
Depreciation
At 1 January 2015	26,077
Charge for the year	45,728
On disposals	-
At 31 December 2015	71,805
Net book values
At 31 December 2015	132,817
At 31 December 2014	110,687

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

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1