As at
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2015 £ |
2014 £ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 2 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: |
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(
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Net current assets (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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Provision for liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 December 2015
Notes |
2015 £ |
2014 £ |
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Capital and reserves | |||
Called up share capital: | 3 |
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Revaluation reserve: |
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Profit and loss account: |
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Shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2015
Basis of measurement and preparation of accounts
Turnover policy
Licence fees are billed as defined in the client contract. At the end of the accounting year the proportion of the billed licence fee covering the succeeding accounting year(s), rounded down to the nearest month, or any unused but purchased credits, is accrued. The appropriate proportion of the accrued revenue is recognised at the end of each month in the succeeding year(s). Unused credits for Online Services are recognised when they are used.
Tangible fixed assets depreciation policy
Depreciation is provided at rates calculated to write off the cost, less estimated residual value over the expected useful life of each asset as follows:
Computers and Office Equipment 33% on cost Fixtures & fittings 33% on cost
Valuation information and policy
All differences are taken to the profit and loss account.
Other accounting policies
Expenditure on research and development is written off in the year in which it is incurred.
for the Period Ended 31 December 2015
Total | |
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Cost | £ |
01 January 2015: |
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Additions: |
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Disposals: |
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Revaluations: |
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Transfers: |
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31 December 2015: |
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Depreciation | |
01 January 2015: |
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Charge for year: |
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On disposals: |
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Other adjustments: |
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31 December 2015: |
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Net book value | |
31 December 2015: |
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31 December 2014: |
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