Datatrial Limited - Abbreviated accounts 16.3
Datatrial Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 May 2016 |
| for |
| Datatrial Limited |
| Datatrial Limited (Registered number: 03936114) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Datatrial Limited |
| Company Information |
| for the Year Ended 31 May 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Business Advisers |
| Datatrial Limited (Registered number: 03936114) |
| Abbreviated Balance Sheet |
| 31 May 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the Board of Directors on by: |
| Datatrial Limited (Registered number: 03936114) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors recognise the insolvent position of the company's balance sheet at the year end. During the |
| forthcoming year the directors are confident the company will return to a solvent position. On this basis and |
| due to the continued support of the creditors, the directors consider it appropriate to prepare the financial |
| statements on the going concern basis. |
| 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 receivable for work carried out during the year. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Tangible fixed assets are initially recorded at cost. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
| result. |
| 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. |
| Deferred taxation |
| Deferred tax is provided on the liability method to take account of timing differences between the treatment of |
| certain items for accounts purposes and their treatment for tax purposes. Deferred tax assets are recognised |
| when it more likely than not that they will be recovered. The company has not adopted a policy of discounting |
| deferred tax assets and liabilities. Deferred tax is measured using rates of tax that have been enacted or |
| substantively enacted by the balance sheet date. |
| Investments |
| Fixed asset investments are included in the balance sheet at cost less any amounts written off for permanent |
| diminution in value. Dividends are included in the profit and loss account. |
| Operating leases |
| Rentals paid under operating leases are charged to the profit and loss account in the period to which they |
| relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2015 |
| Additions |
| At 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| Datatrial Limited (Registered number: 03936114) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Country of incorporation: USA |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 85,633 | 54,021 |
| Profit for the year | 58,093 | 37,518 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | ULTIMATE PARENT COMPANY |
| Datatrial AT Limited, company number SC528370, is the company's immediate parent company. The ultimate |
| parent company is Edoceo USA LLC, a company registered in the USA. |