Totara Learning (Europe) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08696320

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Totara Learning (Europe) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M A O'connor

R Wyles

P T Ellaway

L M Hyland

G Norton-Standen

REGISTERED OFFICE:

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

BUSINESS ADDRESS:

4th Floor (North East Suite)

Tower Point

44 North Road

Brighton

East Sussex

BN1 1YR

REGISTERED NUMBER:

08696320

ACCOUNTANTS:

Lucraft Hodgson & Dawes LLP

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

FIXED ASSETS

Tangible assets

2

9,353

2,218

CURRENT ASSETS

Debtors

1,282,623

1,159,818

Cash at bank

118,543

140,330

1,401,166

1,300,148

CREDITORS

Amounts falling due within one year

1,343,113

1,281,687

NET CURRENT ASSETS

58,053

18,461

TOTAL ASSETS LESS CURRENT
LIABILITIES

67,406

20,679

PROVISIONS FOR LIABILITIES

1,754

-

NET ASSETS

65,652

20,679

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

55,652

10,679

SHAREHOLDERS' FUNDS

65,652

20,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 30 August 2016 and were signed on its behalf by:

M A O'connor - Director

R Wyles - Director

P T Ellaway - Director

L M Hyland - Director

G Norton-Standen - 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, 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 cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in

the financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will

be recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing

differences can be deducted.

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

2,958

Additions

9,475

At 31 March 2016

12,433

DEPRECIATION

At 1 April 2015

740

Charge for year

2,340

At 31 March 2016

3,080

NET BOOK VALUE

At 31 March 2016

9,353

At 31 March 2015

2,218

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

10,000

Ordinary

£1.00

10,000

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Totara Learning Solutions Limited.

The company is controlled by it's parent company Totara Learning Solutions Limited, a company incorporated in

New Zealand.