Aeon Software Limited - Period Ending 2017-01-31

Registration number: 04828336

Aeon Software Limited

Unaudited Abbreviated Accounts

for the Period from 1 August 2015 to 31 January 2017

 

V&A Vigar & Co LLP
Chartered Accountants and Chartered Tax Advisors
C/O Stoneygate House
2 Greenfield Road
Holmfirth
HD9 2JT

Aeon Software Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Aeon Software Limited
(Registration number: 04828336)
Abbreviated Balance Sheet at 31 January 2017

		Note			31 January 2017 £			31 July 2015 £
Fixed assets
Tangible fixed assets					-			307
Current assets
Debtors					609			1,895
Cash at bank and in hand					5,838			6,974
					6,447			8,869
Creditors: Amounts falling due within one year					(350)			(1,147)
Net current assets					6,097			7,722
Total assets less current liabilities					6,097			8,029
Creditors: Amounts falling due after more than one year					(6,798)			(6,250)
Provisions for liabilities					-			(61)
Net (liabilities)/assets					(701)			1,718
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(702)			1,717
Shareholders' (deficit)/funds					(701)			1,718

For the year ending 31 January 2017 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 9 May 2017 and signed on its behalf by:

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

Aeon Software Limited
(Registration number: 04828336)
Abbreviated Balance Sheet at 31 January 2017
......... continued

.........................................
N Elliott
Director

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

Aeon Software Limited
Notes to the Abbreviated Accounts for the Period from 1 August 2015 to 31 January 2017
......... 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).

Going concern

The company ceased trading on 31 January 2017. The accounts have, therefore, been prepared on a breakup basis with assets valued at realisable value on the date of closure.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line basis

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Aeon Software Limited
Notes to the Abbreviated Accounts for the Period from 1 August 2015 to 31 January 2017
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		1,484			1,484
Additions		409			409
Disposals		(1,893)			(1,893)
At 31 January 2017		-			-
Depreciation
At 1 August 2015		1,177			1,177
Charge for the period		631			631
Eliminated on disposals		(1,808)			(1,808)
At 31 January 2017		-			-
Net book value
At 31 January 2017		-			-
At 31 July 2015		307			307

3	Share capital

Allotted, called up and fully paid shares

	31 January 2017						31 July 2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

4	Related party transactions

Other related party transactions

During the period the company made the following related party transactions:

Mr N Elliott (Director) Included in other creditors is a loan from Mr N Elliott for dividends and expenses not fully drawn by him from the company. At the balance sheet date the amount due to Mr N Elliott was £6,018 (2015 - £6,250).

Page 4

Aeon Software Limited
Notes to the Abbreviated Accounts for the Period from 1 August 2015 to 31 January 2017
......... continued

Paradigm IT Consulting Ltd (A company controlled by Mr A Elliot, brother of Mr N Elliot) Sales made to the company totalled £2,010 (2014 - £960). At the balance sheet date the amount due (to)/from Paradigm IT Consulting Ltd was £nil (2015 - £1,332).

Page 5