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Registration number: 08609617

Software and Code Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

 

Software and Code Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Software and Code Ltd
(Registration number: 08609617)
Abbreviated Balance Sheet at 31 July 2016

 

Note

   

2016
£

   

2015
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

2

   

401

   

535

 

Current assets

 

   

   

 

Debtors

 

   

5,177

   

3,755

 

Cash at bank and in hand

 

   

16,000

   

14,828

 

 

   

21,177

   

18,583

 

Creditors: Amounts falling due within one year

 

   

(16,538)

   

(14,930)

 

Net current assets

 

   

4,639

   

3,653

 

Net assets

 

   

5,040

   

4,188

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

4,940

   

4,088

 

Shareholders' funds

 

   

5,040

   

4,188

 

For the year ending 31 July 2016 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 director acknowledges his 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 director on 22 January 2017

.........................................
Mark Williams
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Software and Code Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

 

Tangible assets
£

   

Total
£

 

Cost

 

   

 

At 1 August 2015

 

713

   

713

 

At 31 July 2016

 

713

   

713

 

Depreciation

 

   

 

At 1 August 2015

 

178

   

178

 

Charge for the year

 

134

   

134

 

At 31 July 2016

 

312

   

312

 

Net book value

 

   

 

At 31 July 2016

 

401

   

401

 

At 31 July 2015

 

535

   

535

 
 

Software and Code Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100