Ancoris Limited - Accounts to registrar (filleted) - small 18.2
Ancoris Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2018 |
for |
Ancoris Limited |
Ancoris Limited (Registered number: 04830784) |
Contents of the Financial Statements |
for the Year Ended 31 July 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ancoris Limited |
Company Information |
for the Year Ended 31 July 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
5a Frascati Way |
Maidenhead |
Berkshire |
SL6 4UY |
Ancoris Limited (Registered number: 04830784) |
Balance Sheet |
31 July 2018 |
31.7.18 | 31.7.17 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
Ancoris Limited (Registered number: 04830784) |
Balance Sheet - continued |
31 July 2018 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
Ancoris Limited (Registered number: 04830784) |
Notes to the Financial Statements |
for the Year Ended 31 July 2018 |
1. | STATUTORY INFORMATION |
Ancoris Limited is a |
company's registered number and registered office address can be found on the Company |
Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
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. |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make |
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are |
not readily apparent from other sources. The estimates and associated assumptions are based on |
historical experience and other factors that are considered to be relevant. Actual results may differ |
from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to |
accounting estimates are recognised in the period in which the estimate is revised where the |
revision affects only that period, or in the period of the revision and future periods where the |
revision affects both current and future periods. |
The company does not make significant estimates and assumptions concerning the future that have |
a material effect of the reported position shown in the accounts. |
Turnover |
Turnover from resale of third party products, software and subscriptions is recognised on supply. |
Turnover from Ancoris services including support, consulting and software application services is |
recognised over the term of the contract. All amounts are exclusive of Value Added Tax. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2012 and 2013, |
is being amortised evenly over its estimated useful life of five years. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Ancoris Limited (Registered number: 04830784) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Tangible fixed assets are included at cost less depreciation and impairment. |
Financial instruments |
Basic financial instruments are recognised at amortised cost using the effective interest method, |
except for investments in non-convertible preference and non-puttable preference and ordinary |
shares, which are measured at fair value, with changes recognised in profit or loss. Derivative |
financial instruments are initially recorded at cost and thereafter at fair value, with changes |
recognised in profit and loss. |
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. |
Current or deferred taxation assets and liabilities are not discounted. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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. |
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. |
Research and development |
Expenditure on software development directly associated with on-going revenue streams is |
capitalised and amortised over 3 years. Other research and development is expensed in the year in |
which it is incurred. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate |
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving |
at the operating result. |
Ancoris Limited (Registered number: 04830784) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
Goodwill | assets | Totals |
£ | £ | £ |
COST |
At 1 August 2017 |
Additions |
At 31 July 2018 |
AMORTISATION |
At 1 August 2017 |
Charge for year |
At 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
Ancoris Limited (Registered number: 04830784) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2017 |
Additions |
At 31 July 2018 |
DEPRECIATION |
At 1 August 2017 |
Charge for year |
At 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
5. | DEBTORS |
31.7.18 | 31.7.17 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Ancoris Limited (Registered number: 04830784) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
Deferred Income | 713,818 | 385,688 |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.7.18 | 31.7.17 |
£ | £ |
Within one year |
Between one and five years |
8. | RELATED PARTY DISCLOSURES |
Appogee HR Limited |
A company in which Mr D W J McLeman is a shareholder. |
Within the year the company provided services totalling £47,180 (2017: £54,647) to Appogee HR |
Limited. |
Within the year the company purchased services totalling £5,494 (2017: £9,904) from Appogee HR |
Limited. |
As at the year-end, Appogee HR Limited owed Ancoris Limited a total of £125,226 (2017: £98,411). |
9. | ULTIMATE CONTROLLING PARTY |
Mr D W J McLeman, director is deemed to be the ultimate controlling party by virtue of his majority |
shareholding in the company. |