ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

TROJAN CONSULTANTS LIMITED - Company Information

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01542629 TROJAN CONSULTANTS LIMITED 2014-01-01 2014-12-31 false true 2014-12-31 01542629 2014-01-01 2014-12-31 01542629 2014-12-31 01542629 2013-12-31 01542629 c:MotorVehicles 2014-01-01 2014-12-31 01542629 c:FixturesFittingsToolsEquipment 2014-01-01 2014-12-31 01542629 d:OrdinaryShareClass1 2014-12-31 01542629 d:OrdinaryShareClass1 2013-12-31 01542629 d:OrdinaryShareClass1 2014-01-01 2014-12-31 01542629 d:Director2 2014-01-01 2014-12-31 01542629 c:OfficeEquipment 2014-01-01 2014-12-31 01542629 c:LandBuildings c:ShortLeaseholdProperties 2014-01-01 2014-12-31 01542629 c:ProvisionsForDeferredTaxation 2013-12-31 xbrli:shares iso4217:GBP
REGISTERED NUMBER: 01542629






TROJAN CONSULTANTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
 
 31 DECEMBER 2014

































BLOOMER HEAVEN LIMITED
Chartered Accountants
Rutland House
148 Edmund Street
Birmingham
B3 2FD



 
TROJAN CONSULTANTS LIMITED
 

CONTENTS


Page

 
 
Abbreviated balance sheet
 
 
1
Notes to the abbreviated accounts
 
 
2 - 4
 
TROJAN CONSULTANTS LIMITED
REGISTERED NUMBER: 01542629

ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2014

2014
2013
Note
£
£
£
£
Fixed assets





 
Tangible assets
 
2
57,217
73,391
Current assets





 
Stocks
6,195
6,520

 
Debtors
154,145
300,249

 
Cash at bank

53,902
34,093







 
214,242
340,862
Creditors: amounts falling due within one year
3
(84,191)
(235,371)
 
Net current assets


130,051

105,491
 
Total assets less current liabilities
187,268
178,882
 
Creditors: amounts falling due after more than one year
4
(5,935)

(14,333)
 
Provisions for liabilities





 
Deferred tax
(2,503)
(3,918)

Net assets




 178,830


 160,631
Capital and reserves

 
Called up share capital
5
50
50
 
Other reserves
50
50
 
Profit and loss account
178,730
160,531
 
Shareholders' funds
 

 178,830

 160,631


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question 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 for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 11 June 2015.

T.P. Cain
Director

The notes on pages 2 to 4 form part of these abbreviated accounts.

- 1 -

 
TROJAN CONSULTANTS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1.Accounting Policies

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Short term leasehold property
-
10% on a straight line basis
Motor vehicles
-
25% on a reducing balance basis
Office furniture and equipment
-
15% on a reducing balance basis
Computers and software
-
20% on a reducing balance basis

1.4
Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.5
Operating leases

Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

1.6
Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

- 2 -
 
TROJAN CONSULTANTS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1.Accounting Policies (continued)

1.7
Deferred tax

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

1.8
Revenue recognition 

The company recognises the revenue appropriate to software licences and specified upgrades upon shipment of the software product or upgrade when there are no significant vendor obligations remaining. Revenue applicable to post contract customer support which is provided by the company is recognised on a straight line basis over the term of the customer support contract and the revenue carried forward is classified in the balance sheet as deferred income. Revenue applicable to other products and services is recognised as the products are shipped, or services are provided.

1.9
Software development

All expenditure is charged to the profit and loss account in the year it is incurred unless it is specifically related to a customer order.


2.Tangible fixed assets



£


Cost 


At 1 January 2014
320,287

Additions
2,848

Disposals
(12,500)


At 31 December 2014

310,635



Depreciation


At 1 January 2014
246,896

Charge for the year
16,179

On disposals
(9,657)


At 31 December 2014

253,418




Net book value


At 31 December 2014
 57,217


At 31 December 2013

 73,391

- 3 -

 
TROJAN CONSULTANTS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

3.Creditors:
Amounts falling due within one year

Include secured liabilities of £8,473 (2013: £13,988).
 

4.Creditors:
Amounts falling due after more than one year

Include secured liabilities of £5,935 (2013: £14,333).


5.Share capital

        2014
        2013
        £

        £

Allotted, called up and fully paid



50 Ordinary shares of £1 each
 50
 50


6.Directors' benefits: advances, credit and guarantees

During a prior year  loans were made to directors. At the year end balances of £390 (2013: £390) and £25,153 (2013: £25,153) were due from these directors. There were no further advances or repayments made in the year and the loans are unsecured, interest-free and repayable on demand.
 
- 4 -