Dejure Limited - Period Ending 2016-04-30

Registration number: 03157880

Dejure Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Flemmings Chartered Accountants
76 Canterbury Road
Croydon
Surrey
CR0 3HA

Dejure Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Dejure Limited
(Registration number: 03157880)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016						2015
	£			£			£			£
Fixed assets
Intangible fixed assets								1,110,426						1,218,290
Tangible fixed assets								83,961						99,208
								1,194,387						1,317,498
Current assets
Stocks					198,671						203,725
Debtors					373,960						364,590
Cash at bank and in hand					363,381						342,297
					936,012						910,612
Creditors: Amounts falling due within one year					(701,017)						(641,389)
Net current assets								234,995						269,223
Total assets less current liabilities								1,429,382						1,586,721
Creditors: Amounts falling due after more than one year								(502,858)						(628,571)
Provisions for liabilities								(13,665)						(15,857)
Net assets								912,859						942,293
Capital and reserves
Called up share capital		4			135,100						135,100
Profit and loss account					777,759						807,193
Shareholders' funds								912,859						942,293

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 21 January 2017 and signed on its behalf by:

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Dejure Limited
(Registration number: 03157880)
Abbreviated Balance Sheet at 30 April 2016
......... continued

.........................................
Mr C J Patel
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Dejure Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Goodwill

Purchased goodwill is amortised and internally generated goodwill is not recognised. The directors are in view that the useful economic life of purchased goodwill of 20 years used in previous years is still valid given the continuing operation, the stability of the market and economic conditions.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Amortisation method and rate
Purchased Goodwill	Amortised Over 20 Years

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Leasehold Property	Over the term of lease
Plant & Machinery	15% on reducing balance
Fixtures & Fittings	15 % on reducing balance

Fixed asset investments

All fixed assets are initially recorded at cost.

Stock

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, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Dejure Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

Hire purchase and leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period for the lease.

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.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 May 2015		2,157,289			359,723			2,517,012
Additions		-			3,160			3,160
Disposals		-			(8,200)			(8,200)
At 30 April 2016		2,157,289			354,683			2,511,972
Depreciation
At 1 May 2015		938,999			260,515			1,199,514
Charge for the year		107,864			14,126			121,990
Eliminated on disposals		-			(3,919)			(3,919)
At 30 April 2016		1,046,863			270,722			1,317,585
Net book value
At 30 April 2016		1,110,426			83,961			1,194,387
At 30 April 2015		1,218,290			99,208			1,317,498

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		125,714			125,714
Amounts falling due after more than one year		502,803			628,571
Total secured creditors		628,517			754,286

Included in the creditors are the following amounts due after more than five years:

Page 4

Dejure Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

		2016 £			2015 £
After more than five years by instalments		-			125,714

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		135,100			135,100			135,100			135,100

Page 5