TRIPOD_SOFTWARE_LIMITED - Accounts
TRIPOD_SOFTWARE_LIMITED - Accounts
Company Registration No. 08012666 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 6
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRIPOD SOFTWARE LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tripod Software Limited for the year ended 31 March 2016 set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Tripod Software Limited, as a body, in accordance with the terms of our engagement letter dated 29 November 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Tripod Software Limited and state those matters that we have agreed to state to the Board of Directors of Tripod Software Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tripod Software Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Tripod Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tripod Software Limited. You consider that Tripod Software Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Tripod Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Moore and Smalley LLP
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(22,647 )
(7,814 )
Net current liabilities/(assets)
(1,770 )
Total assets less current liabilities
Provisions for liabilities
(1,132 )
(542 )
2,760
26,132
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
- 3 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 12 December 2016
Director
Company Registration No. 08012666
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Computer equipment
1.5
Deferred taxation
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.
1.6
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 5 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
4,879
Additions
5,378
At 31 March 2016
10,257
Depreciation
At 1 April 2015
2,171
Charge for the year
2,424
At 31 March 2016
4,595
Net book value
At 31 March 2016
5,662
At 31 March 2015
2,708
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 6 -
4
Directors' benefits: Advances, credits and guarantees
Mr M Pott's loan account with the company was overdrawn at 1 April 2015 by £542 and the overdrawn balance was cleared on 17 November 2015. During this period a cash repayment of £550 was received. During the period the maximum overdrawn balance on the loan was £542.
This loan was unsecured.
No interest was charged by the company for the period when the loan account was overdrawn.
In the comparative year Mr M Pott's loan account with the company became overdrawn on 31 March 2015 and the overdrawn balance at 31 March 2015 was £542. During this period cash repayments of £4,520 were received and the loan account was credited with undrawn salary of £3,978. During the period the maximum overdrawn balance on the loan was £542.
This loan was unsecured.
No interest was charged by the company for the period when the loan account was overdrawn.