Company Registration No. 07383400 (England and Wales)
ELUCIDATA LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015FY
ELUCIDATA LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ELUCIDATA LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,409
6,139
Investments
2
50
50
4,459
6,189
Current assets
Debtors
133,060
90,085
Cash at bank and in hand
22,694
11,671
155,754
101,756
Creditors: amounts falling due within one year
(118,666)
(52,087)
Net current assets
37,088
49,669
Total assets less current liabilities
41,547
55,858
Creditors: amounts falling due after more than one year
(12,603)
-
Provisions for liabilities
(882)
(1,228)
28,062
54,630
Capital and reserves
Called up share capital
3
1,650
1,000
Profit and loss account
26,412
53,630
Shareholders' funds
28,062
54,630
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 January 2016
J D Baldwin
Director
Company Registration No. 07383400
ELUCIDATA LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% per annum of cost
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
ELUCIDATA LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2015
10,047
50
10,097
Additions
223
-
223
At 31 December 2015
10,270
50
10,320
Depreciation
At 1 January 2015
3,908
-
3,908
Charge for the year
1,953
-
1,953
At 31 December 2015
5,861
-
5,861
Net book value
At 31 December 2015
4,409
50
4,459
At 31 December 2014
6,139
50
6,189
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,650 Ordinary shares of £1 each
1,650
1,000
During the year 650 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to W Hardman, a director of the company.
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