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Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
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That Device Company Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
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for |
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That Device Company Limited |
That Device Company Limited (Registered number: 07538198) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
That Device Company Limited |
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Company Information |
for the Year Ended 31 March 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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That Device Company Limited (Registered number: 07538198) |
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Abbreviated Balance Sheet |
31 March 2015 |
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31.3.15 | 31.3.14 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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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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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
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. |
That Device Company Limited (Registered number: 07538198) |
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Abbreviated Balance Sheet - continued |
31 March 2015 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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That Device Company Limited (Registered number: 07538198) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The accounts are prepared on a going concern basis as in the opinion of the directors the company |
has sufficient finance available to it to meet its obligations as they fall due for the foreseeable |
future, that is at least 12 months from the date of approval of the accounts. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in |
respect of service contracts where turnover is recognised when the company obtains the right to |
consideration. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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, where transactions or events that result in an obligation to pay more or a |
right to pay less tax in the future have occurred by the balance sheet date with certain limited |
expectations. |
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Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the |
periods in which the timing differences are expected to reverse, based on the tax rates and laws |
enacted or substantively enacted at the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
That Device Company Limited (Registered number: 07538198) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
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Additions |
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Disposals | ( |
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At 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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That Device Company Limited (Registered number: 07538198) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
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Number: |
Class: |
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Nominal |
31.3.1
5 |
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31.3.1
4 |
Value: | £ | £ |
452,816 | Ordinary | 1p | 4,528 | 3,033 |
4,400 | B Ordinary | 1p | 44 | 44 |
93,235 | Series A | 1p | 932 | - |
5,504 | 3,077 |
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A total of 149,498 (2014: 67,681) Ordinary shares of 1p each were issued during the period at the |
following premiums: |
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Shares | Premium per |
share |
108,943 | £5.59 |
40,555 | £8.99 |
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A total of 93,235 Series A shares of 1p each were issued during the period at the following |
premiums: |
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Shares | Premium per |
share |
93,235 | £8.99 |
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On a return of assets, liquidation, capital reduction, or otherwise, the assets of the company |
available for distribution amongst shareholders will be applied equally between all three share |
classes. The shareholders of the 'B' Ordinary Shares shall not be entitled to receive or to exercise |
voting rights in respect of, any written resolution of the Company. The Series A Shares and the |
Ordinary Shares shall rank pari passu in all respects but shall constitute separate classes of shares. |
The holders of each share class shall be entitled to, in proportion to the respective number of fully |
paid shares, any unpaid arrears and accruals of participating dividends relating to their share class |
solely. |
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The holders of any Series A Shares shall be entitled to covert into Ordinary Shares; |
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a) on the date of a notice given by the Series A Investor Majority |
b) immediately prior to the occurrence of a Qualifying IPO |
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The holders of the B Ordinary Shares shall be entitled to convert into Ordinary Shares ; |
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a) immediately prior to the occurrence of a Qualifying IPO |
That Device Company Limited (Registered number: 07538198) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2015 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the year ended 31 March 2015 and |
the period ended 31 March 2014: |
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31.3.15 | 31.3.14 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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