| Inknowledge Limited |
| Registered number: |
07350259 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 January 2015. |
|
| Principal activities |
| The company's principal activity during the year continued to be the provision of software services and products. The company ceased trading on 31 January 2015. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
Clayton Garlough |
|
| Directors' responsibilities |
| The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. |
|
| Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: |
| ● |
select suitable accounting policies and then apply them consistently; |
| ● |
make judgements and estimates that are reasonable and prudent; |
| ● |
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
|
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 10 March 2015 and signed on its behalf. |
|
|
|
|
|
| Clayton Garlough |
| Director |
|
| Inknowledge Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Inknowledge Limited for the year ended 31 January 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Inknowledge Limited for the year ended 31 January 2015 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| N Harris & Co |
| Chartered Accountants |
| 155-157a Clapham High Street |
| Jaybee House |
| LONDON |
| SW4 7SS |
|
| 10 March 2015 |
|
| Inknowledge Limited |
| Balance Sheet |
| as at 31 January 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
- |
|
|
4,757 |
|
| Current assets |
| Debtors |
5 |
|
- |
|
|
31,637 |
| Cash at bank and in hand |
|
|
77,198 |
|
|
60,831 |
|
|
|
77,198 |
|
|
92,468 |
|
| Creditors: amounts falling due within one year |
6 |
|
(63,481) |
|
|
(50,149) |
|
| Net current assets |
|
|
|
13,717 |
|
|
42,319 |
|
| Total assets less current liabilities |
|
|
|
13,717 |
|
|
47,076 |
|
|
| Provisions for liabilities |
7 |
|
|
- |
|
|
(802) |
|
|
| Net assets |
|
|
|
13,717 |
|
|
46,274 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
8 |
|
|
1 |
|
|
1 |
| Profit and loss account |
9 |
|
|
13,716 |
|
|
46,273 |
|
| Shareholders' funds |
|
|
|
13,717 |
|
|
46,274 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Clayton Garlough |
| Director |
| Approved by the board on 10 March 2015 |
|
| Inknowledge Limited |
| Notes to the Accounts |
| for the year ended 31 January 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment |
25% reducing balance |
|
|
|
| 2 |
Operating profit |
2015 |
|
2014 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
- |
|
1,585 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2015 |
|
2014 |
| £ |
£ |
|
|
UK corporation tax |
1,849 |
|
934 |
|
Deferred tax |
(802) |
|
(267) |
|
|
|
|
|
|
1,047 |
|
667 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 February 2014 |
9,639 |
|
Disposals |
(9,639) |
|
At 31 January 2015 |
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2014 |
4,882 |
|
On disposals |
(4,882) |
|
At 31 January 2015 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2015 |
- |
|
At 31 January 2014 |
4,757 |
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade debtors |
- |
|
31,637 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
| £ |
£ |
|
|
Corporation tax |
2,783 |
|
934 |
|
Other creditors |
60,698 |
|
49,215 |
|
|
|
|
|
|
63,481 |
|
50,149 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Provisions for liabilities |
|
Deferred taxation: |
2015 |
|
2014 |
| £ |
£ |
|
|
Accelerated capital allowances |
- |
|
802 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
2014 |
| £ |
£ |
|
|
At 1 February |
802 |
|
1,069 |
|
Deferred tax charge in profit and loss account |
(802) |
|
(267) |
|
|
At 31 January |
- |
|
802 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Share capital |
Nominal |
|
|
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2,015 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
| 9 |
Profit and loss account |
2015 |
| £ |
|
|
At 1 February 2014 |
46,273 |
|
Profit for the year |
3,443 |
|
Dividends |
(36,000) |
|
|
At 31 January 2015 |
13,716 |
|
|
|
|
|
|
|
|
| 10 |
Dividends |
2015 |
|
2014 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
36,000 |
|
30,000 |
|
|
|
|
|
|
|
|
|
