Ancoris Limited - Abbreviated accounts 16.3

Ancoris Limited - Abbreviated accounts 16.3

ANCORIS LIMITED - Company Information

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REGISTERED NUMBER: 04830784 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Ancoris Limited

Ancoris Limited (Registered number: 04830784)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Ancoris Limited

Company Information
for the Year Ended 31 July 2016







DIRECTORS: Mr D W J McLeman
Mrs A McLeman





SECRETARY: Mr D W J McLeman





REGISTERED OFFICE: 5a Frascati Way
Maidenhead
Berkshire
SL6 4UY





REGISTERED NUMBER: 04830784 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
5a Frascati Way
Maidenhead
Berkshire
SL6 4UY
Page 1
Ancoris Limited (Registered number: 04830784)

Abbreviated Balance Sheet
31 July 2016

31.7.16 31.7.15
Notes £    £   
FIXED ASSETS
Intangible assets 2 9,343 14,943
Tangible assets 3 36,147 48,956
45,490 63,899

CURRENT ASSETS
Debtors 4 997,484 839,531
Cash at bank 1,283,157 1,097,861
2,280,641 1,937,392
CREDITORS
Amounts falling due within one year (2,019,994 ) (1,639,300 )
NET CURRENT ASSETS 260,647 298,092
TOTAL ASSETS LESS CURRENT
LIABILITIES
306,137
361,991

DEFERRED INCOME (301,259 ) (206,224 )
NET ASSETS 4,878 155,767

CAPITAL AND RESERVES
Called up share capital 5 117 114
Share premium 95,474 92,602
Profit and loss account (90,713 ) 63,051
SHAREHOLDERS' FUNDS 4,878 155,767

The notes form part of these abbreviated accounts

Page 2 continued...
Ancoris Limited (Registered number: 04830784)

Abbreviated Balance Sheet - continued
31 July 2016


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 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 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 Board of Directors on 25 April 2017 and were signed on its
behalf by:





Mr D W J McLeman - Director


The notes form part of these abbreviated accounts

Page 3
Ancoris Limited (Registered number: 04830784)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared on a going concern basis as in the opinion of the directors the company
has sufficient finance available to it to meet its obligations as they fall due for the foreseeable
future, that is at least 12 months from the date of approval of the accounts.

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
The turnover shown in the profit and loss account represents amounts receivable on software and
technical support, recognised over the term of the contract, exclusive of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being
amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date, where transactions or events that result in an obligation to pay more or a
right to pay less tax in the future have occurred by the balance sheet date with certain limited
exceptions.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the
periods in which the timing differences are expected to reverse, based on tax rates and laws enacted
or substantively enacted at the balance sheet date.

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.

Page 4 continued...
Ancoris Limited (Registered number: 04830784)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

1. ACCOUNTING POLICIES - continued

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 35,245
AMORTISATION
At 1 August 2015 20,302
Amortisation for year 5,600
At 31 July 2016 25,902
NET BOOK VALUE

At 31 July 2016 9,343
At 31 July 2015 14,943

Page 5 continued...
Ancoris Limited (Registered number: 04830784)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 160,195
Additions 10,620
At 31 July 2016 170,815
DEPRECIATION
At 1 August 2015 111,239
Charge for year 23,429
At 31 July 2016 134,668
NET BOOK VALUE
At 31 July 2016 36,147
At 31 July 2015 48,956

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 85,500 (31.7.15 - £ 95,000 )

Page 6 continued...
Ancoris Limited (Registered number: 04830784)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully
paid:

Number:
Class:		 Nominal
value:
31.7.16
31.7.15
£ £
280 Ordinary redeemable 10p 28 28
570,000 Ordinary A 0.01p 57 57
150,000 Ordinary B 0.01p 15 15
126,070 Ordinary D 0.01p 13 10
40,000 Ordinary C 0.01p 4 4
Total 117 114



The A, B, C and D Ordinary shares rank pari passu in all aspects except in relation to income where
the shares will rank separately with regard to entitlement to dividend such that the directors may at
any time resolve to declare a dividend on one class of share and not on the other class.

The Ordinary redeemable shares rank separately with regard to no entitlement to vote or a
dividend. The shares may be redeemed at the option of the company for an amount not exceeding
£575 per share.

5,000 Ordinary D shares of 0.01p each were issued at a premium within the year. The total
consideration for the shares issued was £2,875.

Page 7