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Financial Statements for the Year Ended 30 June 2017 |
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Scentrics Information Security |
Technologies Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 30 June 2017 |
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for |
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Scentrics Information Security |
Technologies Limited |
Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Scentrics Information Security |
Technologies Limited |
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Company Information |
for the Year Ended 30 June 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Balance Sheet |
30 June 2017 |
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30.6.17 | 30.6.16 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Balance Sheet - continued |
30 June 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2017 |
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1. | STATUTORY INFORMATION |
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Scentrics Information Security Technologies Limited is a
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in England and Wales. The company's registered number and registered office address can be found |
on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost plus any revaluation, less any accumulated amortisation and accumulated impairment losses. |
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Patents and licences are being amortised evenly over their estimated useful life of ten years. Patents |
and licences are measured at fair value using the revaluation model by reference to an active market. |
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Tangible fixed assets |
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Computer equipment | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST OR VALUATION |
At 1 July 2016 |
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Revaluations |
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At 30 June 2017 |
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AMORTISATION |
At 1 July 2016 |
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Charge for year |
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At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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Cost or valuation at 30 June 2017 is represented by: |
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Other |
intangible |
assets |
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Valuation in 2017 | 559,995,455 |
Cost | 22,728 |
560,018,183 |
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If patents and licences had not been revalued they would have been included at the following |
historical cost: |
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30.6.17 | 30.6.16 |
£ | £ |
Cost | 22,728 | 22,728 |
Aggregate amortisation | (4,546 | ) | (1,136 | ) |
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Patents and licences were valued on an open market basis on 20 August 2018 by the Directors . |
Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Computer |
equipment |
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COST |
At 1 July 2016 |
and 30 June 2017 |
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DEPRECIATION |
At 1 July 2016 |
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Charge for year |
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At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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6. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
Additions |
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At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Registered office: Sterling House, 27 Hatchlands Road, Redhill, Surrey, RH1 6RW |
Nature of business:
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Class of shares: | holding |
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30.6.17 |
£ |
Aggregate capital and reserves |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Other creditors |
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Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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9. | FIRST YEAR ADOPTION |
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This is the first year in which the financial statements have been prepared under FRS 102 (Section 1A). |
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Neither the opening equity, nor the profit or loss were affected as a result of the transition from UK |
GAAP to FRS 102 (Section 1A). |