SOCRATES SOFTWARE LIMITED
SOCRATES SOFTWARE LIMITED
Company Registration No. 7485918 (England and Wales)
Page
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Director
Company Number
Registered Office
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2017
2016
Notes
£
£
Fixed assets
Current assets
Cash at bank and in hand
Net current liabilities
(4,924 )
(11,831 )
Net liabilities
(4,565 )
(11,292 )
Capital and reserves
Profit and loss account
(4,665 )
(11,392 )
Shareholders' funds
(4,565 )
(11,292 )
Approved by the Board on 30 October 2017 .
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1
Statutory information
2
Compliance with accounting standards
3
Accounting policies
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
Presentation currency
Turnover
Tangible fixed assets policy
Plant & machinery
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4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 February 2016
At 31 January 2017
Depreciation
At 1 February 2016
Charge for the year
At 31 January 2017
Net book value
At 31 January 2017
At 31 January 2016
5
Inventories
2017
2016
£
£
Finished goods
6
Debtors
2017
2016
£
£
Trade debtors
Other debtors
(1,643 )
7
Creditors: amounts falling due within one year
2017
2016
£
£
Bank loans and overdrafts
Trade creditors
Taxes and social security
Loans from directors
8
Share capital
2017
2016
£
£
Allotted, called up and fully paid:
9
Average number of employees
During the year the average number of employees was 0 (2016: 0 ).
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