Exa Networks Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04922037 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Exa Networks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Cowgill

T J C J Mangin

M A Syree

SECRETARY:

M A Syree

REGISTERED OFFICE:

27-29 Mill Field Road

Cottingley Business Park, Cottingley

Bingley

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

04922037 (England and Wales)

ACCOUNTANTS:

Simpson Forbes

Unit 6 Cherrytree Farm

Blackmore End Road

Sible Hedingham

Essex

C09 3LZ

FIXED ASSETS

Tangible assets

2

130,937

148,236

CURRENT ASSETS

Debtors

3

907,553

525,663

Cash at bank

530,043

488,521

1,437,596

1,014,184

CREDITORS

Amounts falling due within one year

1,056,639

684,240

NET CURRENT ASSETS

380,957

329,944

TOTAL ASSETS LESS CURRENT
LIABILITIES

511,894

478,180

CREDITORS

Amounts falling due after more than one
year

-

7,899

NET ASSETS

511,894

470,281

CAPITAL AND RESERVES

Called up share capital

4

22,200

Profit and loss account

489,694

448,081

SHAREHOLDERS' FUNDS

511,894

470,281

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 13 April 2016 and were signed on its behalf by:

M Cowgill - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

394,748

Additions

19,484

At 31 December 2015

414,232

DEPRECIATION

At 1 January 2015

246,512

Charge for year

36,783

At 31 December 2015

283,295

NET BOOK VALUE

At 31 December 2015

130,937

At 31 December 2014

148,236

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 285,959

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

Ordinary

1

10,000

12,200

Ordinary

1

12,200

22,200