Exensor Technology Limited - Limited company - abbreviated - 11.9
Exensor Technology Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 December 2015 |
| for |
| Exensor Technology Limited |
| Exensor Technology Limited (Registered number: 02327794) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Exensor Technology Limited |
| Company Information |
| for the Year Ended 31 December 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Exensor Technology Limited (Registered number: 02327794) |
| Abbreviated Balance Sheet |
| 31 December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Exensor Technology Limited (Registered number: 02327794) |
| Abbreviated Balance Sheet - continued |
| 31 December 2015 |
| The financial statements were approved by the Board of Directors on |
| Exensor Technology Limited (Registered number: 02327794) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 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 the value of services provided or goods manufactured under contracts to the extent that there |
| is a right to consideration. This is recorded at the value of consideration due. Where a contract has only been |
| partially completed at the balance sheet date income is not recognised until the right to consideration accrues via |
| approval of the completed product from customers. |
| Goodwill |
| Goodwill is being written off evenly over its estimated useful life. |
| Research & development |
| Expenditure on research and development is written off in the year it is incurred, except that development |
| expenditure incurred on an individual project is carried forward as permitted by SSAP 13 when its future |
| recoverability can reasonably be regarded as assured. |
| The expenditure carried forward is treated as an intangible fixed asset and is amortised over the estimated useful |
| life of each project, which is not more than 3 years. |
| Tangible fixed assets |
| Leasehold property | - |
| Plant and machinery | - |
| Office furniture and equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. Costs include only direct expenditure. |
| 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. |
| Exensor Technology Limited (Registered number: 02327794) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| Disposals | ( |
) |
| At 31 December 2015 |
| AMORTISATION |
| At 1 January 2015 |
| Eliminated on disposal | ( |
) |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 4. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 13,875 | 32,375 |
| Exensor Technology Limited (Registered number: 02327794) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2015 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 'A' Ordinary | £1 |
| 1,059,861 | 1,059,861 |
| 6. | ULTIMATE PARENT COMPANY |
| The ultimate parent company is |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the company purchased consultancy services from and paid commissions of £55,773 (2014 |
| £40,321), to DJW Browne ( a director of the company) trading as Trinity Wellington. The balance at 31 |
| December 2015 due to DJW Browne was £nil (2014 £7,857). |