Compoundeye Design Limited
|
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04403633
Abbreviated Balance Sheet
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Compoundeye Design Limited
2016
2015
1,457
1,482
7,428
6,713
8,195
8,885
Creditors
:
amounts falling due within one year
|
(11,644)
(9,177)
(2,759)
(982)
Net current liabilities
Total assets less current liabilities
|
(982)
(2,759)
(982)
Net liabilities
(2,759)
2
3
2
(984)
(2,761)
(982)
(2,759)
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 21 October 2016
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Russell Hrachovec Director
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Signed on behalf of the board of directors
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1 of 3
Notes to the Abbreviated Financial Statements
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Compoundeye Design Limited
For the year ended 31 March 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the
|
transaction
.
All foreign exchange differences are included to the profit and loss account
.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Computer Equipment
Stocks and work in progress
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Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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2 of 3
Notes to the Abbreviated Financial Statements
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Compoundeye Design Limited
For the year ended 31 March 2016
6,718
6,718
6,718
6,718
-
-
Allotted called up and fully paid
|
2016
2015
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
3 of 3