Simpla Limited - Abbreviated accounts 16.1

Simpla Limited - Abbreviated accounts 16.1

SIMPLA LIMITED - Company Information

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REGISTERED NUMBER: 04929085 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

SIMPLA LIMITED

SIMPLA LIMITED (REGISTERED NUMBER: 04929085)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SIMPLA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: S D Wilson
J M A Wilson





SECRETARY: S D Wilson





REGISTERED OFFICE: Weaveley Arboretum
The Round House
Tackley
Oxfordshire
OX5 3ER





REGISTERED NUMBER: 04929085 (England and Wales)





ACCOUNTANTS: Logan & Brewerton
Chartered Certified Accountants
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT
Page 1
SIMPLA LIMITED (REGISTERED NUMBER: 04929085)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,286,844 1,438,237
Tangible assets 3 11,804 16,812
1,298,648 1,455,049

CURRENT ASSETS
Debtors 289,452 189,988
Cash at bank and in hand 19,811 18,810
309,263 208,798
CREDITORS
Amounts falling due within one year 1,593,540 1,656,060
NET CURRENT LIABILITIES (1,284,277 ) (1,447,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,371
7,787

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 14,271 7,687
SHAREHOLDERS' FUNDS 14,371 7,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 June 2016 and were signed on its behalf by:





S D Wilson - Director


The notes form part of these abbreviated accounts

Page 2
SIMPLA LIMITED (REGISTERED NUMBER: 04929085)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 net invoiced sales of goods, excluding value added tax.

Amortisation
Capitalised development costs will be amortised over the periods in which the company expects to benefit from
selling the products developed. This year £151,393 has been amortised against income earned. Amortisation will
be allocated on a systematic basis to each accounting period over the period that the products are likely to be
sold commercially.

The useful life and value of the capitalised development cost is assessed for impairment at least annually.

The value is written down immediately if impairment has occurred and the remaining cost is amortised over its
reduced useful life.

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

Fixtures & Fittings - 15% on reducing balance
Computer Equipment - 33% on reducing balance

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

Research and development
The company's products have been manufactured and are being sold, subject to any further upgrading
requirements. Product expenditure has been set off against any revenue received and the balance capitalised.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 1,513,934
AMORTISATION
At 1 October 2014 75,697
Amortisation for year 151,393
At 30 September 2015 227,090
NET BOOK VALUE

At 30 September 2015 1,286,844
At 30 September 2014 1,438,237

Page 3 continued...
SIMPLA LIMITED (REGISTERED NUMBER: 04929085)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 48,118
Disposals (5,761 )
At 30 September 2015 42,357
DEPRECIATION
At 1 October 2014 31,306
Charge for year 2,514
Eliminated on disposal (3,267 )
At 30 September 2015 30,553
NET BOOK VALUE
At 30 September 2015 11,804
At 30 September 2014 16,812

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. ULTIMATE PARENT COMPANY

The ultimate parent company is Simpla International Limited.

Page 4