Softools Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03571184 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Softools Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A J Bruce

Mr M A Edwards

SECRETARY:

Mrs C Sedden-Dawkins

REGISTERED OFFICE:

Greenlands

Henley On Thames

Oxfordshire

RG9 3AU

REGISTERED NUMBER:

03571184 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

2

5,423

4,157

Investments

3

-

20

5,423

4,177

CURRENT ASSETS

Debtors

573,140

452,172

Cash at bank

128,222

141,706

701,362

593,878

CREDITORS

Amounts falling due within one year

(401,368

)

(325,449

)

NET CURRENT ASSETS

299,994

268,429

TOTAL ASSETS LESS CURRENT LIABILITIES

305,417

272,606

PROVISIONS FOR LIABILITIES

(1,085

)

-

NET ASSETS

304,332

272,606

CAPITAL AND RESERVES

Called up share capital

4

1,140

1,140

Retained earnings

303,192

271,466

SHAREHOLDERS' FUNDS

304,332

272,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 11 March 2016 and were signed on its behalf by:

Mr A J Bruce - Director

Mr M A Edwards - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date, where transactions or events that result in an obligation to pay more or a

right to pay less tax in the future have occurred by the balance sheet date with certain limited

expectations.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse, based on the tax rates and laws

enacted or substantively enacted at the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 transaction. Exchange differences are taken into account in arriving

at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Fixed asset investments are shown at cost less amounts written off. Provisions are made for

permanent fluctuations in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

17,482

Additions

2,773

At 31 December 2015

20,255

DEPRECIATION

At 1 January 2015

13,325

Charge for year

1,507

At 31 December 2015

14,832

NET BOOK VALUE

At 31 December 2015

5,423

At 31 December 2014

4,157

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

20

Disposals

(20

)

At 31 December 2015

-

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

20

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

NIL

Ordinary

£1

-

1,140

800

Ordinary A

£1

800

-

340

Ordinary B

£1

340

-

1,140

1,140