Neurosoft Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03311804 (England and Wales)

NEUROSOFT LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29TH FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr N Coles

Mr J R B Warren

REGISTERED OFFICE:

Lsg, Mutual House

70 Conduit Street

London

W1S 2GF

REGISTERED NUMBER:

03311804 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young

Chartered Accountants

14 Park Row

Nottingham

NG1 6GR

FIXED ASSETS

Tangible assets

2

6,185

8,247

Investments

3

100

100

6,285

8,347

CURRENT ASSETS

Debtors

148,498

164,708

Cash at bank

8,890

18,757

157,388

183,465

CREDITORS

Amounts falling due within one year

111,523

146,408

NET CURRENT ASSETS

45,865

37,057

TOTAL ASSETS LESS CURRENT LIABILITIES

52,150

45,404

PROVISIONS FOR LIABILITIES

1,237

1,465

NET ASSETS

50,913

43,939

CAPITAL AND RESERVES

Called up share capital

4

2

2

Share premium

1,500

1,500

Profit and loss account

49,411

42,437

SHAREHOLDERS' FUNDS

50,913

43,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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 20th October 2016 and were signed on its behalf by:

Mr N Coles - 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 amounts chargeable, net of value added tax, in respect of the sale of data

extraction and document imaging services to customers.

Tangible fixed assets

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

Office Equipment

-

25% on reducing balance

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the

treatment of certain items for taxation and accounting purposes. The deferred tax balance has not

been discounted.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2015

and 29th February 2016

40,161

DEPRECIATION

At 1st March 2015

31,914

Charge for year

2,062

At 29th February 2016

33,976

NET BOOK VALUE

At 29th February 2016

6,185

At 28th February 2015

8,247

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st March 2015

and 29th February 2016

100

NET BOOK VALUE

At 29th February 2016

100

At 28th February 2015

100

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

184

Ordinary shares

0.01

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES