Abbreviated Company Accounts - THURLESTONE SYSTEMS LIMITED

THURLESTONE SYSTEMS LIMITED - Company Information

02921739 THURLESTONE SYSTEMS LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 02921739 2013-05-01 2014-04-30 02921739 2014-04-30 02921739 2013-04-30 02921739 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 02921739 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 02921739

THURLESTONE SYSTEMS LIMITED

Abbreviated Accounts

30 April 2014

THURLESTONE SYSTEMS LIMITED Registered Number 02921739

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	-	194
Investments	3	1	1
		1	195
Current assets
Debtors		-	3,950
Cash at bank and in hand		938,188	694,425
		938,188	698,375
Prepayments and accrued income		-	18,083
Creditors: amounts falling due within one year		(102,681)	(100,883)
Net current assets (liabilities)		835,507	615,575
Total assets less current liabilities		835,508	615,770
Accruals and deferred income		(21,400)	(38,156)
Total net assets (liabilities)		814,108	577,614
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		814,106	577,612
Shareholders' funds		814,108	577,614

For the year ending 30 April 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 January 2015

And signed on their behalf by:
L B Jacobs, Director

THURLESTONE SYSTEMS LIMITED Registered Number 02921739

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the accounts represents revenue earned in the year, exclusive of VAT.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings : 33% straight line

2Tangible fixed assets

	£
Cost
At 1 May 2013	1,178
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	1,178
Depreciation
At 1 May 2013	984
Charge for the year	194
On disposals	-
At 30 April 2014	1,178
Net book values
At 30 April 2014	0
At 30 April 2013	194

3Fixed assets Investments
Investments represent an unlisted investment of £31,340 which has been written down to its expected recoverable amount of £1.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £2 each	4	4

5Transactions with directors

Name of director receiving advance or credit:	L B Jacobs
Description of the transaction:	Sale of consultancy and licensing of software
Balance at 1 May 2013:	£ 0
Advances or credits made:	£ 347,000
Advances or credits repaid:	£ 347,000
Balance at 30 April 2014:	£ 0

Thurlestone Systems Limited provide consultancy and license software to Realtime Software Engineering Limited, a company in which L B Jacobs is a shareholer and director. During the year the company invoiced £347,000 (2013: £300,000) for such work. The accounts for the year include prepaid income of £14,000 in respect of services provided to Realtime Software Engineering Limited (2013: accrued income of £18,083)