Company Registration No. 08413230 (England and Wales)
DevicePilot Limited
Unaudited accounts
for the year ended 28 February 2017
DevicePilot Limited
Unaudited accounts
Contents
DevicePilot Limited
Company Information
for the year ended 28 February 2017
Directors
P Beart
R Dobson
K Reed
Company Number
08413230 (England and Wales)
Registered Office
35 Royston Road
Harston
Cambridge
Cambridgeshire
CB22 7NH
Accountants
Finling Associates Limited
Unit 2, Printer's Yard
90A The Broadway
London
SW19 1RD
DevicePilot Limited
Statement of financial position
as at 28 February 2017
Tangible assets
7,402
2,379
Cash at bank and in hand
247,329
105,801
Creditors: amounts falling due within one year
(27,218)
(26,362)
Net current assets
255,733
197,150
Net assets
263,135
199,529
Called up share capital
129
90
Share premium
864,931
249,975
Profit and loss account
(601,925)
(50,536)
Shareholders' funds
263,135
199,529
For the year ending 28 February 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 November 2017.
P Beart
Director
Company Registration No. 08413230
DevicePilot Limited
Notes to the Accounts
for the year ended 28 February 2017
DevicePilot Limited is a private company, limited by shares, registered in England and Wales, registration number 08413230. The registered office is 35 Royston Road, Harston, Cambridge, Cambridgeshire, CB22 7NH. The principal place of business is 14 Rosebery Avenue, London, EC1R 4TD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract, where relevant, or by reference to the proportion of a licence period that has elapsed. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
DevicePilot Limited
Notes to the Accounts
for the year ended 28 February 2017
4
Tangible fixed assets
Computer equipment
At 28 February 2017
10,200
Accrued income and prepayments
10,737
-
Other debtors
24,750
59,211
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
3,693
-
Trade creditors
7,631
6,608
Taxes and social security
10,464
19,754
Allotted, called up and fully paid:
1,246,728 Ordinary shares of £0.0001p each of £0.0001 each
124.67
89.00
33,300 A Ordinary shares of £0.0001p each of £0.0001 each
3.33
-
10,000 Golden Shares of £0.0001 each of £0.0001 each
1.00
1.00
Shares issued during the period:
356,728 Ordinary shares of £0.0001p each of £0.0001 each
36
33,300 A Ordinary shares of £0.0001p each of £0.0001 each
3
DevicePilot Limited
Notes to the Accounts
for the year ended 28 February 2017
8
Average number of employees
During the year the average number of employees was 5 (2016: 5).
