Docusoft Limited - Period Ending 2014-12-31

Registration number: 04856441

Docusoft Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Docusoft Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Docusoft Limited
(Registration number: 04856441)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					1,100			1,200
Tangible fixed assets					3,390			2,432
					4,490			3,632
Current assets
Debtors					82,020			94,831
Cash at bank and in hand					142,464			105,118
					224,484			199,949
Creditors: Amounts falling due within one year					(78,949)			(74,155)
Net current assets					145,535			125,794
Net assets					150,025			129,426
Capital and reserves
Called up share capital		3			500			500
Profit and loss account					149,525			128,926
Shareholders' funds					150,025			129,426

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved and authorised for issue by the Board on 14 September 2015 and signed on its behalf by:

S Chauhan Director

K N Salter Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Docusoft Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Computer equipment	33% straight line

Deferred tax

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

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 2

Docusoft Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 January 2014		2,000			11,524			13,524
Additions		-			2,664			2,664
At 31 December 2014		2,000			14,188			16,188
Depreciation
At 1 January 2014		800			9,092			9,892
Charge for the year		100			1,706			1,806
At 31 December 2014		900			10,798			11,698
Net book value
At 31 December 2014		1,100			3,390			4,490
At 31 December 2013		1,200			2,432			3,632

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		500			500			500			500

Page 3