Lumerical Computational Solutions (UK) Limited Small abbreviated accounts

LUMERICAL COMPUTATIONAL SOLUTIONS (UK) LIMITED - Company Information

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Company Registration Number 09244439

Lumerical Computational Solutions (UK) Limited

Unaudited Abbreviated Accounts

31 August 2016

Lumerical Computational Solutions (UK) Limited

Abbreviated Balance Sheet

31 August 2016

	2016		2015
Note	£	£	£

Fixed Assets	2
Tangible assets		743	1,535
		----	-------

Current Assets

Debtors	19,210		12,072

Creditors: Amounts Falling due Within One Year	( 8,728)		( 8,194)
	--------		--------
Net Current Assets		10,482	3,878

	--------	-------
Total Assets Less Current Liabilities	11,225	5,413
	--------	-------

Capital and Reserves

Called up equity share capital	3	1,000	1,000
Profit and loss account		10,225	4,413
		--------	-------
Shareholders' Funds		11,225	5,413
		--------	-------

For the year ended 31st August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 12 May 2017 , and are signed on their behalf by:

T Kleckner

Company Registration Number: 09244439

Lumerical Computational Solutions (UK) Limited

Notes to the Abbreviated Accounts

Year Ended 31st August 2016

1. Accounting Policies

Basis 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

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Fixed Assets

All fixed assets are initially recorded at cost.

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:

Computer equipment-55% reducing balance

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 the transaction. Exchange differences are taken into account in arriving at the operating profit.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. Fixed Assets

	Tangible Assets
	£

Cost

At 1st September 2015 and 31st August 2016	2,117
	-------

Depreciation

At 1st September 2015	582
Charge for year	792
	-------
At 31st August 2016	1,374
	-------

Net Book Value

At 31st August 2016	743
	----

At 31st August 2015	1,535
	-------

3. Share Capital

Allotted, called up and fully paid:

2016		2015
No.	£	No.	£

Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

4. Ultimate Parent Company

The company's immediate and ultimate holding company is Lumerical Computational Solutions, Inc. a company registered in Canada. Lumerical Computational Solutions, Inc. is controlled by the directors T Kleckner and J Pond, who together own a majority of the shares in that company.