Accounts filed on 31-07-2016

trueComunis Limited048231192016-07-31-260267-248839841999562715615634431034431084199956278419995627-295726-253525345003313067492775954238273517861100477563799253491523787483490041177148Basis of accounting 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 the value, net of Value Added Tax, of services provided to customers. Revenue of a license nature is recognised evenly over the period to which it relates. To the extent that revenue of a license nature relates to a period after the year end, the appropriate amount is shown in creditors as Deferred Revenue. Revenue derived from special projects, implementation and consultancy services is recognised in the period in which the services are provided. Research and development The company is continually striving to enhance its products and to develop new products. Costs relating to these activities are written off in the year in which they are incurred, unless they meet the criteria set out below under the heading of intangible assets. Intangible Assets Development costs are capitalised to the extent that they fit the requirements of Statement of Standard Accounting Practice Number 13 (SSAP13). Costs are written off over the expected life of each specific module, commencing when the relevant module becomes operational. Expected useful lives vary between 24 and 60 months depending on the nature of the specific module. 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: Development Costs-over 2-5 years Fixed Assets All fixed assets are initially recorded at cost. EquipmentStraight line0.33001015263817144198119636515468140168375During the year ended 31 July 2013, the company changed its policy for accounting for development costs, which had previously been written off in full in the year of expenditure. A prior year adjustment was made to reflect the new policy for the year ended 31 July 2012. Prior to this date, cost allocation methods did not permit detailed analysis of costs to enable full allocation to specific modules in sufficient detail to permit capitalisation of prior expenditure. Consequently substantially all expenditure prior to that was written off in the year of expenditure. 1836416735162917187165876001033627833879199748653702484727168975During the year ended 31 July 2013, the company changed its policy for accounting for development costs, which had previously been written off in full in the year of expenditure. A prior year adjustment was made to reflect the new policy for the year ended 31 July 2012. Prior to this date, cost allocation methods did not permit detailed analysis of costs to enable full allocation to specific modules in sufficient detail to permit capitalisation of prior expenditure. Consequently substantially all expenditure prior to that was written off in the year of expenditure. Ordinary10000000.011000010000Ordinary0.0115615615594Ultimate Controlling Party The ultimate controlling parties are N J Beale and N N Beale.2016-12-01Mr N J Bealetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureComunis Limited2015-08-012016-07-31Comunis Limited2014-08-012015-07-31Comunis Limited2014-07-31Comunis Limited2015-07-31Comunis Limited2015-07-31Comunis Limited2016-07-31 2017-04-26