Abbreviated Company Accounts - DATATRIAL LIMITED

03936114 DATATRIAL LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 03936114 2014-06-01 2015-05-31 03936114 2015-05-31 03936114 2014-05-31 03936114 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 03936114 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 03936114

DATATRIAL LIMITED

Abbreviated Accounts

31 May 2015

DATATRIAL LIMITED Registered Number 03936114

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	17,479	90,944
		17,479	90,944
Current assets
Debtors		283,998	357,128
Cash at bank and in hand		40,977	6,659
		324,975	363,787
Creditors: amounts falling due within one year		(482,362)	(249,690)
Net current assets (liabilities)		(157,387)	114,097
Total assets less current liabilities		(139,908)	205,041
Creditors: amounts falling due after more than one year		(300,000)	(300,000)
Total net assets (liabilities)		(439,908)	(94,959)
Capital and reserves
Called up share capital	3	2,931,070	2,931,070
Share premium account		1,361,520	1,361,520
Profit and loss account		(4,732,498)	(4,387,549)
Shareholders' funds		(439,908)	(94,959)

For the year ending 31 May 2015 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 by the Board on 16 October 2015

And signed on their behalf by:
Emma Banks, Director

DATATRIAL LIMITED Registered Number 03936114

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for work done during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% Straight Line
Office Equipment - 25% Straight Line
Computer Equipment - 25% Straight Line

Other accounting policies
Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Deferred taxation

Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Deferred tax assets are recognised when it is more likely than not that they will be recovered. The company has not adopted a policy of discounting deferred tax assets and liabilities. Deferred tax is measured using rates of tax that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development

Research and development expenditure is written off in the year in which it is incurred.

2Tangible fixed assets

	£
Cost
At 1 June 2014	758,040
Additions	510
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	758,550
Depreciation
At 1 June 2014	667,096
Charge for the year	73,975
On disposals	-
At 31 May 2015	741,071
Net book values
At 31 May 2015	17,479
At 31 May 2014	90,944

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
5,000,000 Ordinary shares of £1 each	5,000,000	5,000,000