Cambridge Intelligence Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07625370 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

CAMBRIDGE INTELLIGENCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Parry

P Cavallin

C J Howell

SECRETARY:

C A Disney

REGISTERED OFFICE:

115c Milton Road

Cambridge

CB4 1XE

REGISTERED NUMBER:

07625370 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Chartered Accountants

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Intangible assets

4

5,695

-

Tangible assets

5

149,703

38,273

Investments

6

1,642

1,642

157,040

39,915

CURRENT ASSETS

Debtors

7

667,365

573,356

Cash at bank and in hand

3,529,221

2,186,730

4,196,586

2,760,086

CREDITORS

Amounts falling due within one year

8

2,161,254

1,305,384

NET CURRENT ASSETS

2,035,332

1,454,702

TOTAL ASSETS LESS CURRENT LIABILITIES

2,192,372

1,494,617

PROVISIONS FOR LIABILITIES

12,444

7,272

NET ASSETS

2,179,928

1,487,345

CAPITAL AND RESERVES

Called up share capital

1,035

1,017

Share premium

100,350

54,368

Capital redemption reserve

15

15

Retained earnings

2,078,528

1,431,945

SHAREHOLDERS' FUNDS

2,179,928

1,487,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 23 January 2019 and were signed on its behalf by:

J Parry - Director

1.	STATUTORY INFORMATION

Cambridge Intelligence Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of

goods and services supplied during the period, exclusive of Value Added Tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Leasehold improvements

-

straight line basis to lease break point

Office equipment

-

25% on cost

Computer equipment

-

33% on cost and 25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2017 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

6,700

At 31 May 2018

6,700

AMORTISATION

Charge for year

1,005

At 31 May 2018

1,005

NET BOOK VALUE

At 31 May 2018

5,695

5.	TANGIBLE FIXED ASSETS

Leasehold

Office

Computer

improvements

equipment

equipment

Totals

£

£

£

£

COST

At 1 June 2017

-

29,498

36,921

66,419

Additions

86,922

30,401

18,158

135,481

Disposals

-

(2,486

)

(2,864

)

(5,350

)

At 31 May 2018

86,922

57,413

52,215

196,550

DEPRECIATION

At 1 June 2017

-

12,269

15,877

28,146

Charge for year

2,713

10,222

9,293

22,228

Eliminated on disposal

-

(1,149

)

(2,378

)

(3,527

)

At 31 May 2018

2,713

21,342

22,792

46,847

NET BOOK VALUE

At 31 May 2018

84,209

36,071

29,423

149,703

At 31 May 2017

-

17,229

21,044

38,273

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2017

and 31 May 2018

1,642

NET BOOK VALUE

At 31 May 2018

1,642

At 31 May 2017

1,642

The company owns 100% of the issued share capital of Cambridge Intelligence Incorporated, a USA company.

In the directors view, the cost included in the financial statements reflects the value of this investment.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

512,138

399,188

Amounts owed by group undertakings

-

9,600

Prepayments

124,850

122,614

Accrued income

30,377

41,954

667,365

573,356

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,764

15,532

Amounts owed to group undertakings

19,706

-

Tax

357

-

Social security and other taxes

50,069

31,601

VAT

14,119

5,001

Other creditors

7,489

4,378

Director's current accounts

3,469

3,241

Accruals and deferred income

2,059,281

1,245,631

2,161,254

1,305,384

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Additional related party information is given in note 7.

10.	ULTIMATE CONTROLLING PARTY