Escher Technologies Limited - Limited company - abbreviated - 11.6

Escher Technologies Limited - Limited company - abbreviated - 11.6

ESCHER TECHNOLOGIES LIMITED - Company Information

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REGISTERED NUMBER: 03128474 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

ESCHER TECHNOLOGIES LIMITED

ESCHER TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03128474)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ESCHER TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2015







DIRECTOR: Dr D Crocker





SECRETARY: Mrs J A Carlton





REGISTERED OFFICE: Mallard House
Hillside Road
Ash Vale
Aldershot
Hampshire
GU12 5BJ





REGISTERED NUMBER: 03128474 (England and Wales)





ACCOUNTANTS: Hilton Sharp & Clarke
30 New Road
Brighton
East Sussex
BN1 1BN
Page 1
ESCHER TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03128474)

ABBREVIATED BALANCE SHEET
30 APRIL 2015

2015 2014
Notes £    £   
FIXED ASSETS
Intangible assets 2 299 398
Tangible assets 3 687 916
986 1,314

CURRENT ASSETS
Stocks 665 40
Debtors 1,629 371
Cash at bank 32,656 53,790
34,950 54,201
CREDITORS
Amounts falling due within one year (6,886 ) (9,793 )
NET CURRENT ASSETS 28,064 44,408
TOTAL ASSETS LESS CURRENT
LIABILITIES
29,050
45,722

CREDITORS
Amounts falling due after more than one year (1,673 ) (1,203 )
NET ASSETS 27,377 44,519

CAPITAL AND RESERVES
Called up share capital 4 31,200 31,200
Profit and loss account (3,823 ) 13,319
SHAREHOLDERS' FUNDS 27,377 44,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 August 2015 and were signed by:





Dr D Crocker - Director


The notes form part of these abbreviated accounts

Page 2
ESCHER TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03128474)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015


1. ACCOUNTING POLICIES

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 represents net invoiced sales of goods, excluding value added tax.

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

Licences and patents - 25% on reducing balance

Work in connection with the Intellectual Property Rights of the company's flagship product, Perfect Developer, is charged in
the profit and loss account.

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

Office equipment - 25% on reducing balance

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2014
and 30 April 2015 5,358
AMORTISATION
At 1 May 2014 4,960
Amortisation for year 99
At 30 April 2015 5,059
NET BOOK VALUE

At 30 April 2015 299
At 30 April 2014 398

Page 3 continued...
ESCHER TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03128474)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2014
and 30 April 2015 6,727
DEPRECIATION
At 1 May 2014 5,811
Charge for year 229
At 30 April 2015 6,040
NET BOOK VALUE
At 30 April 2015 687
At 30 April 2014 916

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
31,200 Ordinary £1 31,200 31,200

5. CONTINGENT ASSET

During the year the company made distributions out of non-distributable reserves contradictory to Section 830 of the
Companies Act 2006.

The director is aware that under Section 847 of Companies Act 2006 the distributions may become repayable.

Page 4