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BEAL DAVIS SOFTWARE LIMITED - Company Information

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Beal Davis Software Limited

Registered Number:05149788

For the year ended 30 June 2017

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2017

Beal Davis Software Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 June 2017

Beal Davis Software Limited

Statement of Financial Position

Registered Number :

05149788

2016

2017

Notes

Fixed assets

Property, plant and equipment

4,196

3,911

4,196

3,911

Current assets

Trade and other receivables

57,175

57,948

153,135

Cash and cash equivalents

120,300

178,248

210,310

Trade and other payables: amounts falling due within one year

(145,282)

(144,634)

65,028

33,614

Net current assets

Total assets less current liabilities

37,810

68,939

37,810

Net assets

68,939

Capital and reserves

Called up share capital

100

Retained earnings

37,710

68,839

37,810

68,939

Shareholders' funds

For the year ended 30 June 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 of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Mr D Humphreys Director

These financial statements were approved and authorised for issue by the Board on 09 March 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2017

Beal Davis Software Limited

Notes to the Financial Statements

Statutory Information

Beal Davis Software Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 05149788.

Registered address:

32-33 Foregate Street

Worcester

WR1 1EE

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The

financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

33% Reducing balance

Computer equipment

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 30 June 2017

Beal Davis Software Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Cost or valuation

At 01 July 2016

16,121

13,449

2,672

2,289

Additions

At 30 June 2017

2,672

15,738

18,410

Provision for depreciation and impairment

At 01 July 2016

12,210

10,069

2,141

Charge for year

2,004

1,871

133

At 30 June 2017

14,214

11,940

2,274

At 30 June 2017

Net book value

398

3,798

4,196

At 30 June 2016

531

3,380

3,911

3. Trade and other receivables

2016

2017

Trade debtors

54,188

54,525

Other debtors

3,760

2,650

57,175

57,948

4. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

12,465

5,258

Taxation and social security

39,864

37,769

Other creditors

92,305

102,255

144,634

145,282

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