Doulos Limited Filleted accounts for Companies House (small and micro)
Doulos Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03723454
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Financial Statements |
Year ended 31 December 2018
Contents |
Pages |
Balance sheet |
1 to 2 |
Notes to the financial statements |
3 to 7 |
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Balance Sheet |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Investments |
7 |
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Current assets
Stocks |
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Debtors |
8 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
9 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Deferred taxation |
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Net assets |
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Capital and reserves
Called up share capital |
10 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Balance Sheet (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
13 September 2019
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
03723454
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Notes to the Financial Statements |
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Brackely Close, Bournemouth International Airport, Christchurch, BH23 6SE, Dorset.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
In the opinion of the directors, the company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399(1) of the Companies Act 2006 not to prepare group accounts.
Judgements and key sources of estimation uncertainty
Revenue recognition
Taxation
Foreign currencies
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Software & Licences |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Furniture & Equipment |
- |
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Computer Equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
Stocks
Financial instruments
Pension costs
4.
Staff numbers
The average number of persons employed by the company during the year amounted to
31
(2017:
29
).
5.
Intangible assets
Software & Licences |
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£ |
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Cost |
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At 1 January 2018 and 31 December 2018 |
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Amortisation |
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At 1 January 2018 and 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
– |
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At 31 December 2017 |
– |
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6.
Tangible assets
Freehold property |
Furniture & Equipment |
Computer Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2018 |
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Additions |
– |
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Disposals |
– |
(
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(
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(
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At 31 December 2018 |
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Depreciation |
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At 1 January 2018 |
– |
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Charge for the year |
– |
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Disposals |
– |
(
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(
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(
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At 31 December 2018 |
– |
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Carrying amount |
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At 31 December 2018 |
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At 31 December 2017 |
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The directors consider the market value of the freehold property as shown above was £850,000 as at 31 December 2018.
7.
Investments
Shares in group undertakings |
Loans to group undertakings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2018 |
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Additions |
– |
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Disposals |
– |
(
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(687,394) |
Revaluations |
– |
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At 31 December 2018 |
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Impairment |
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At 1 January 2018 and 31 December 2018 |
– |
– |
– |
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Carrying amount |
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At 31 December 2018 |
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At 31 December 2017 |
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The company owns 100% of the issued share capital of Doulos America Inc., incorporated in the United States of America on 3 January 2006. Doulos America Inc. is involved in the provision of training for computer programming languages. Both the share capital and reserves at the balance sheet date and the profit/(loss) for the period in respect of this company are shown below:
Share capital and reserves
(£204,161) (31 December 2017: (£423,692))
Profit/(Loss)for the period
£244,532 (31 December 2017: (£100,605))
8.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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9.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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10.
Called up share capital
Issued, called up and fully paid
2018 |
2017 |
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No. |
£ |
No. |
£ |
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900 |
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900 |
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600 |
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600 |
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3 |
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3 |
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11.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2018 |
2017 |
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£ |
£ |
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Not later than 1 year |
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12.
Related party transactions
Information about related party transactions and outstanding balances is outlined below:
2018 | 2017 | ||
£ | £ | ||
Amounts owed to directors |
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Amounts owed to shareholders |
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– | |