Stevens Research Limited - Limited company - abbreviated - 11.6

Stevens Research Limited - Limited company - abbreviated - 11.6

STEVENS RESEARCH LIMITED - Company Information

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REGISTERED NUMBER: 04309134 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

STEVENS RESEARCH LIMITED

STEVENS RESEARCH LIMITED (REGISTERED NUMBER: 04309134)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

STEVENS RESEARCH LIMITED (REGISTERED NUMBER: 04309134)

ABBREVIATED BALANCE SHEET
31 October 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 8,850,000 9,400,000
Tangible assets 3 83 98
8,850,083 9,400,098

CURRENT ASSETS
Debtors 4,681 1,363
Cash at bank and in hand 3,307 5,652
7,988 7,015
CREDITORS
Amounts falling due within one year 95,435 90,805
NET CURRENT LIABILITIES (87,447 ) (83,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,762,636
9,316,308

CAPITAL AND RESERVES
Called up share capital 4 8,370 8,370
Share premium 333,163 333,163
Other reserves 11,000,000 11,000,000
Profit and loss account (2,578,897 ) (2,025,225 )
SHAREHOLDERS' FUNDS 8,762,636 9,316,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 24 July 2015 and were signed on its behalf by:



A Stevens - Director


The notes form part of these abbreviated accounts

Page 1
STEVENS RESEARCH LIMITED (REGISTERED NUMBER: 04309134)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting
policies adopted in the preparation of the financial statements are set out below and have remained unchanged
from the previous year.

At the balance sheet date the company had net current liabilities of £87,447 (2013 - £83,790), and total net assets
of £8,762,636 (2013 - £9,316,908). Included in creditors due within one year are directors loans of £92,909. The
directors have expressed their willingness to support the company as necessary and along with the forecasted
future profitable trade the business is considered a going concern. The accounts and financial statements have
therefore been prepared on a going concern basis.

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).

Turnover
Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of
business.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Patents and licences - straight line over 20 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013
and 31 October 2014 11,000,000
AMORTISATION
At 1 November 2013 1,600,000
Amortisation for year 550,000
At 31 October 2014 2,150,000
NET BOOK VALUE

At 31 October 2014 8,850,000
At 31 October 2013 9,400,000

Page 2 continued...
STEVENS RESEARCH LIMITED (REGISTERED NUMBER: 04309134)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 October 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013
and 31 October 2014 499
DEPRECIATION
At 1 November 2013 401
Charge for year 15
At 31 October 2014 416
NET BOOK VALUE
At 31 October 2014 83
At 31 October 2013 98

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
837,035 Ordinary 1p 8,370 8,370

Page 3