Empresa Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03976138 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

EMPRESA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M C Brine

Mr R G J Woods

Mr A Fulcher

SECRETARY:

Mr R G J Woods

REGISTERED OFFICE:

Gateway

83-87 Pottergate

Norwich

Norfolk

NR2 1DZ

REGISTERED NUMBER:

03976138 (England and Wales)

ACCOUNTANTS:

LEES

Chartered Certified Accountants

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

8,026

6,543

8,026

6,543

CURRENT ASSETS

Debtors

42,023

27,795

Cash at bank and in hand

63,750

32,758

105,773

60,553

CREDITORS

Amounts falling due within one year

99,372

60,875

NET CURRENT ASSETS/(LIABILITIES)

6,401

(322

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,427

6,221

PROVISIONS FOR LIABILITIES

1,477

1,152

NET ASSETS

12,950

5,069

CAPITAL AND RESERVES

Called up share capital

4

111

111

Profit and loss account

12,839

4,958

SHAREHOLDERS' FUNDS

12,950

5,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 19 July 2016 and were signed on its behalf by:

Mr M C Brine - 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 the fair value of services provided during the year. Turnover is recognised as contract activity

progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients.

Turnover excludes value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been amortised evenly over

its estimated useful life of three years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Deferred tax

The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing

differences between the treatment of certain items for taxation and accounting purposes. In accordance with Financial

Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that have originated but not

reversed by the balance sheet date. Deferred tax assets are only recognised when it is more likely than not that the

deferred tax asset will be recovered. Deferred tax is measured using rates of tax that have been enacted or substantially

enacted by the balance sheet date. Deferred tax balances are not discounted.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

42,500

AMORTISATION

At 1 May 2015

and 30 April 2016

42,500

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

39,622

Additions

5,266

At 30 April 2016

44,888

DEPRECIATION

At 1 May 2015

33,079

Charge for year

3,783

At 30 April 2016

36,862

NET BOOK VALUE

At 30 April 2016

8,026

At 30 April 2015

6,543

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

60

Ordinary A

£1

60

60

40

Ordinary B

£1

40

40

5

Ordinary C

£1

5

5

6

Ordinary D

£1

6

6

111

111

5.	ULTIMATE CONTROLLING PARTY