Abbreviated Company Accounts - MYLIFE DIGITAL LIMITED

MYLIFE DIGITAL LIMITED Registered Number 09363196

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015
		£
Called up share capital not paid		-
Fixed assets
Intangible assets	2	8,589
Tangible assets	3	4,663
Investments	4	4,115,567
		4,128,819
Current assets
Debtors	5	35,613
Cash at bank and in hand		36,640
		72,253
Creditors: amounts falling due within one year		(4,494,918)
Net current assets (liabilities)		(4,422,665)
Total assets less current liabilities		(293,846)
Creditors: amounts falling due after more than one year		0
Provisions for liabilities		0
Accruals and deferred income		0
Total net assets (liabilities)		(293,846)
Capital and reserves
Called up share capital	6	100,000
Profit and loss account		(393,846)
Shareholders' funds		(293,846)

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 31 October 2016

And signed on their behalf by:
M Reed, Director

MYLIFE DIGITAL LIMITED Registered Number 09363196

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis;

Computer Equipment - 33% straight line

Intangible assets amortisation policy
Software development costs are measured initially at purchase cost and amortised over its useful life of five years

Other accounting policies
The company recorded a loss of £393,846 and at the Balance Sheet date had net liabilities of £293,846.

The directors have indicated their willingness to continue to support the company for the foreseeable future and as such, believe it appropriate for the accounts to be made up on a going concern basis.

2Intangible fixed assets

	£
Cost
Additions	10,736
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	10,736
Amortisation
Charge for the year	2,147
On disposals	-
At 31 December 2015	2,147
Net book values
At 31 December 2015	8,589

3Tangible fixed assets

	£
Cost
Additions	5,073
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	5,073
Depreciation
Charge for the year	410
On disposals	-
At 31 December 2015	410
Net book values
At 31 December 2015	4,663

4Fixed assets Investments
Investment in acquisition during the year - £4,115,567

5Debtors

	2015 £
Debtors include the following amounts due after more than one year	0

Trade debtors and VAT debtor

6Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
100,000 Ordinary shares of £100,000 each	10,000,000,000