| Radical Systems (UK) Limited |
| Registered number: |
02696335 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
31,802 |
|
|
34,040 |
| Investments |
3 |
|
|
97,352 |
|
|
1 |
|
|
|
|
129,154 |
|
|
34,041 |
|
| Current assets |
| Debtors |
|
|
198,948 |
|
|
319,458 |
| Cash at bank and in hand |
|
|
564,728 |
|
|
374,677 |
|
|
|
763,676 |
|
|
694,135 |
|
| Creditors: amounts falling due within one year |
|
|
(596,940) |
|
|
(458,916) |
|
| Net current assets |
|
|
|
166,736 |
|
|
235,219 |
|
| Total assets less current liabilities |
|
|
|
295,890 |
|
|
269,260 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(50,000) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
(2,320) |
|
|
(2,258) |
|
|
| Net assets |
|
|
|
243,570 |
|
|
267,002 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
243,568 |
|
|
267,000 |
|
| Shareholders' funds |
|
|
|
243,570 |
|
|
267,002 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| RICHARD S. BUCKS |
| Director |
| Approved by the board on 1 December 2016 |
|
| Radical Systems (UK) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group. |
|
|
Turnover |
|
Turnover represents the invoiced value (excluding VAT) of licence fees, sales and fees for services rendered. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Leasehold premises |
10% straight line |
|
Computer equipment |
25% straight line |
|
Office equipment & furniture |
25% straight line |
|
|
Investments |
|
Investments held as fixed assets are shown at cost less provision for impairment. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
171,338 |
|
Additions |
12,973 |
|
Disposals |
(4,699) |
|
At 31 March 2016 |
179,612 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
137,298 |
|
Charge for the year |
15,211 |
|
On disposals |
(4,699) |
|
At 31 March 2016 |
147,810 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
31,802 |
|
At 31 March 2015 |
34,040 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2015 |
1 |
|
Addition |
97,351 |
|
|
At 31 March 2016 |
97,352 |
|
|
|
|
|
|
|
|
The company owns 100% of the share capital of Radical Systems (HK) Limited, a company incorporated in Hong Kong. In conjunction with a joint venture partner, funding has been advanced by way of loans which are regarded as a long term investment. In the opinion of the directors, the expansion into the Far East is a long term venture and no impairment is necessary at this stage of the investment. |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Radical Systems (HK) Limited |
Ordinary |
100 |
|
(97,808) |
|
(76,703) |
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.001 each |
|
2,222 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
