Abbreviated Company Accounts - THURLESTONE SYSTEMS LIMITED

THURLESTONE SYSTEMS LIMITED - Company Information

02921739 THURLESTONE SYSTEMS LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 02921739 2015-05-01 2016-04-30 02921739 2016-04-30 02921739 2015-04-30 02921739 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 02921739 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director3 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director3 2016-04-30 uk-gaap-cd-bus:Director3 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 02921739

THURLESTONE SYSTEMS LIMITED

Abbreviated Accounts

30 April 2016

THURLESTONE SYSTEMS LIMITED Registered Number 02921739

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	-
Investments	3	1	1
		1	1
Current assets
Cash at bank and in hand		1,228,059	1,177,507
		1,228,059	1,177,507
Creditors: amounts falling due within one year		(51,998)	(131,278)
Net current assets (liabilities)		1,176,061	1,046,229
Total assets less current liabilities		1,176,062	1,046,230
Total net assets (liabilities)		1,176,062	1,046,230
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		1,176,060	1,046,228
Shareholders' funds		1,176,062	1,046,230

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 September 2016

And signed on their behalf by:
Colin W Forster, Director

THURLESTONE SYSTEMS LIMITED Registered Number 02921739

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the accounts represents revenue earned in the year, exclusive of vat.

Tangible assets depreciation policy
Depreciation has been provided on a straight line basis at a rate of 33% per annum.

2Tangible fixed assets

	£
Cost
At 1 May 2015	1,178
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	1,178
Depreciation
At 1 May 2015	1,178
Charge for the year	-
On disposals	-
At 30 April 2016	1,178
Net book values
At 30 April 2016	0
At 30 April 2015	0

3Fixed assets Investments
Investments represent an unlisted investment of £31,340 which has been written down to its expected recoverable amount of £1. Since the year end this investment has been disposed of for no consideration.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	L.B Jacobs
Description of the transaction:	Sale of consultancy and licensing of software.
Balance at 1 May 2015:	£ 0
Advances or credits made:	£ 226,529
Advances or credits repaid:	£ 226,529
Balance at 30 April 2016:	£ 0

Thurlestone Systems Limited provides consultancy and licences software to Realtime Software Engineering Limited, a company in which L B Jacobs was a shareholder and director for the years in question. During the year the company invoiced £226,529 ( 2015: £312,000) for such work. The accounts for the previous year include prepaid income of £25,000 in respect of services provided to Realtime Software Engineering Limited.