Eutopia Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07187358 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

EUTOPIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Dr S D Baimbridge

SECRETARY:

Mrs S Baimbridge

REGISTERED OFFICE:

Sydenham House

Aynho Road

Adderbury

Oxfordshire

OX17 3NJ

REGISTERED NUMBER:

07187358 (England and Wales)

ACCOUNTANTS:

Camerons Accountancy Consultants Limited

Chartered Accountants

9, Worton Park

Cassington

Witney

Oxfordshire

OX29 4SX

FIXED ASSETS

Intangible assets

2

140,566

165,371

Tangible assets

3

54,883

56,529

195,449

221,900

CURRENT ASSETS

Stocks

650

Debtors

-

724

Cash in hand

14,531

29,361

15,181

30,735

CREDITORS

Amounts falling due within one
year

107,615

137,524

NET CURRENT LIABILITIES

(92,434

)

(106,789

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

103,015

115,111

CREDITORS

Amounts falling due after more
than one year

(27,589

)

(32,061

)

PROVISIONS FOR LIABILITIES

(9,772

)

(9,837

)

NET ASSETS

65,654

73,213

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

65,554

73,113

SHAREHOLDERS' FUNDS

65,654

73,213

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 11 November 2016 and were signed
by:

Dr S D Baimbridge - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fourteen years.

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

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

297,669

AMORTISATION

At 1 August 2015

132,298

Amortisation for year

24,805

At 31 July 2016

157,103

NET BOOK VALUE

At 31 July 2016

140,566

At 31 July 2015

165,371

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

88,325

Additions

8,040

At 31 July 2016

96,365

DEPRECIATION

At 1 August 2015

31,796

Charge for year

9,686

At 31 July 2016

41,482

NET BOOK VALUE

At 31 July 2016

54,883

At 31 July 2015

56,529

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

100