Cirrus Response Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08700358 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

CIRRUS RESPONSE LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

507,997

580,745

Tangible assets

3

415,632

505,182

923,629

1,085,927

CURRENT ASSETS

Debtors

471,986

390,076

Cash at bank and in hand

49,201

35,692

521,187

425,768

CREDITORS

Amounts falling due within one year

533,807

491,519

NET CURRENT LIABILITIES

(12,620

)

(65,751

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

911,009

1,020,176

CREDITORS

Amounts falling due after more than one year

231,931

311,747

NET ASSETS

679,078

708,429

CAPITAL AND RESERVES

Called up share capital

4

373,505

373,377

Share premium

1,306,230

Profit and loss account

(1,000,657

)

(971,178

)

SHAREHOLDERS' FUNDS

679,078

708,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 24 April 2017 and were signed on its behalf by:

J P Roos - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged from

the previous period.

At the balance sheet date the company had net current liabilities of £12,620 (2015: £65,751), and total net assets of

£679,078 (2015: £708,429). The directors have expressed their willingness to support the company as necessary and

along with the forecasted future profitable trade the business is considered a going concern. The accounts and

financial statements have therefore been prepared on a 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 comprises the value of sales (net of value added tax) of goods and services provided in the normal course

of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful 10 year economic life.

Licences

Licences are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal

annual instalments over the estimated useful lives of the assets.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

Straight line over 7 years

Computer systems

-

Straight line over 7 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

Government grants

Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the

assets concerned.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

726,242

AMORTISATION

At 1 October 2015

145,497

Amortisation for year

72,748

At 30 September 2016

218,245

NET BOOK VALUE

At 30 September 2016

507,997

At 30 September 2015

580,745

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

705,154

Additions

17,169

Disposals

(5,025

)

At 30 September 2016

717,298

DEPRECIATION

At 1 October 2015

199,972

Charge for year

101,813

Eliminated on disposal

(119

)

At 30 September 2016

301,666

NET BOOK VALUE

At 30 September 2016

415,632

At 30 September 2015

505,182

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,284

Ordinary A

10p

128

-

4,878

Ordinary B

10p

488

NIL

C Preference

£1

-

370,938

19,512

Ordinary D

10p

1,951

370,938

Non-Voting C Deferred shares

£1

370,938

-

373,505

373,377

The following shares were issued during the year for cash at par :

1,284 Ordinary A shares of 10p

370,938 C Preference share were reclassed to Non-Voting C Deferred shares on 17 March 2016

5.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect

of the financial and operating policies of the company.