Pursuit Software Limited - Accounts to registrar (filleted) - small 18.2
Pursuit Software Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 |
| FOR |
| PURSUIT SOFTWARE LIMITED |
| PURSUIT SOFTWARE LIMITED (REGISTERED NUMBER: 06560251) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Certified Accountants' Report | 9 |
| PURSUIT SOFTWARE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 11 King Street |
| King's Lynn |
| Norfolk |
| PE30 1ET |
| PURSUIT SOFTWARE LIMITED (REGISTERED NUMBER: 06560251) |
| BALANCE SHEET |
| 30 APRIL 2018 |
| 30.4.18 | 30.4.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 |
| SHAREHOLDERS' FUNDS |
| 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. |
| PURSUIT SOFTWARE LIMITED (REGISTERED NUMBER: 06560251) |
| BALANCE SHEET - continued |
| 30 APRIL 2018 |
| 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 |
| PURSUIT SOFTWARE LIMITED (REGISTERED NUMBER: 06560251) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 1. | STATUTORY INFORMATION |
| Pursuit Software Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, together with unbilled development |
| costs to be charged to customers. |
| Unbilled development costs are included as work done not billed within debtors. |
| Intangible fixed assets |
| Intellectual property will be written off over a five year period from finalisation of the development. |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly |
| over its estimated useful life of ten years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| PURSUIT SOFTWARE LIMITED (REGISTERED NUMBER: 06560251) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
| sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
| transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Going concern |
| These financial statements have been prepared on the going concern basis. The directors consider this basis to be |
| appropriate but have not assessed a period in excess of 12 months from the date of approving the accounts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2017 |
| Additions |
| At 30 April 2018 |
| AMORTISATION |
| At 1 May 2017 |
| Charge for year |
| At 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 30 April 2017 |
| PURSUIT SOFTWARE LIMITED (REGISTERED NUMBER: 06560251) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 May 2017 |
| Disposals | ( |
) |
| At 30 April 2018 |
| DEPRECIATION |
| At 1 May 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 30 April 2017 |
| 6. | STOCKS |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Corporation tax |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current account |
| Accrued expenses |
| PURSUIT SOFTWARE LIMITED (REGISTERED NUMBER: 06560251) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Bank loans 2 - 5 yr |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 6,750 | 15,750 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Bank loans |
| 11. | PROVISIONS FOR LIABILITIES |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2017 |
| Deferred tax | ( |
) |
| Balance at 30 April 2018 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
| value: | £ | £ |
| Ordinary | £1 |
| PURSUIT SOFTWARE LIMITED (REGISTERED NUMBER: 06560251) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 May 2017 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 April 2018 |
| 14. | RELATED PARTY DISCLOSURES |
| Control |
| The company is controlled by a director. |
| Related party transactions |
| At the balance sheet date the company owed the directors £3,554 (2017 - £3,814). |
| One of the directors has provided a personal guarantee against the bank loan. |
| CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| PURSUIT SOFTWARE LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
| Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Pursuit Software Limited for the year ended 30 April 2018 which comprise the Income Statement, Balance |
| Sheet and the related notes from the company's accounting records and from information and explanations you have given |
| us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the Board of Directors of Pursuit Software Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pursuit Software Limited and state those matters that we have agreed to state to the Board of Directors of Pursuit Software Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Pursuit Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pursuit Software Limited. You consider that Pursuit Software Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Pursuit Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Certified Accountants |
| 11 King Street |
| King's Lynn |
| Norfolk |
| PE30 1ET |