Acadiasoft (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07281693 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

ACADIASOFT (UK) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Scott Petersen

Christopher Walsh

Mark Stein

SECRETARIES:

Scott Petersen

Jordan Company Secretaries Limited

REGISTERED OFFICE:

20-22 Bedford Row

London

WC1R 4JS

REGISTERED NUMBER:

07281693 (England and Wales)

ACCOUNTANTS:

Jordans Accounting Services

21 St Thomas Street

Bristol

BS1 6JS

FIXED ASSETS

Tangible assets

2

4,009

995

CURRENT ASSETS

Debtors

55,715

7,482

Cash at bank and in hand

192,125

24,808

247,840

32,290

CREDITORS

Amounts falling due within one year

(2,506,532

)

(1,442,717

)

NET CURRENT LIABILITIES

(2,258,692

)

(1,410,427

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,254,683

)

(1,409,432

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(2,254,684

)

(1,409,433

)

SHAREHOLDERS' FUNDS

(2,254,683

)

(1,409,432

)

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 28 June 2016 and were signed on its behalf by:

Scott Petersen - 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).

Tangible fixed assets

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

Depreciation is charged at 20%.

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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

3,168

Additions

3,839

At 31 December 2015

7,007

DEPRECIATION

At 1 January 2015

2,173

Charge for year

825

At 31 December 2015

2,998

NET BOOK VALUE

At 31 December 2015

4,009

At 31 December 2014

995

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/12/14

value:

£

£

1

Ordinary

£1

1

1