Company Registration No. 06979284 (England and Wales)
THE SENSIBLE CODE COMPANY LTD (FORMERLY SCRAPERWIKI LIMITED)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
THE SENSIBLE CODE COMPANY LTD (FORMERLY SCRAPERWIKI LIMITED)
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
THE SENSIBLE CODE COMPANY LTD (FORMERLY SCRAPERWIKI LIMITED)
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
2
510,578
580,715
Tangible assets
2
983
3,046
511,561
583,761
Current assets
Debtors
221,540
310,668
Cash at bank and in hand
116,980
94,480
338,520
405,148
Creditors: amounts falling due within one year
(236,216)
(288,463)
Net current assets
102,304
116,685
Total assets less current liabilities
613,865
700,446
Creditors: amounts falling due after more than one year
(11,153)
(11,153)
602,712
689,293
Capital and reserves
Called up share capital
3
105,609
105,609
Share premium account
635,868
635,868
Profit and loss account
(138,765)
(52,184)
Shareholders'  funds
602,712
689,293
THE SENSIBLE CODE COMPANY LTD (FORMERLY SCRAPERWIKI LIMITED)
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2015
31 August 2015
- 2 -
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 August 2016
A M McGuire
Director
Company Registration No. 06979284
THE SENSIBLE CODE COMPANY LTD (FORMERLY SCRAPERWIKI LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

Turnover represents amounts receivable for the provision of data products and data science services provided before the balance sheet date, net of VAT and trade discounts.

1.4
Research and development
Development expenditure is written off to the profit and loss account in the year in which it is incurred unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit, which is considered to be 10 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33.33% per annum on a straight line basis
Fixtures, fittings and equipment
33.33% per annum on a straight line basis
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.7

Prior year adjustment

A prior year adjustment was necessary in order to restate an amount paid in connection with the re-purchase of shares by the company in earlier years. As a result of this adjustment debtors have increased by £3,433, creditors falling due within one year have decreased by £110,997 and share premium has increased by £114,430.

THE SENSIBLE CODE COMPANY LTD (FORMERLY SCRAPERWIKI LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2014
724,568
6,344
730,912
Additions
119,088
-
119,088
At 31 August 2015
843,656
6,344
850,000
Depreciation
At 1 September 2014
143,853
3,298
147,151
Charge for the year
189,225
2,063
191,288
At 31 August 2015
333,078
5,361
338,439
Net book value
At 31 August 2015
510,578
983
511,561
At 31 August 2014
580,715
3,046
583,761
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
143,339 Ordinary shares of 33.2966p each
47,727
47,727
6,180 Ordinary B shares of £1 each
6,180
6,180
51,702 Ordinary A shares of £1 each
51,702
51,702
105,609
105,609
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
F Irving - Director's loan account
-
16,305
-
0
-
-
0
16,305
J Todd - Director's loan account
-
3,433
-
0
-
-
0
3,433
19,738
-
-
-
19,738
2015-08-31 2014-09-01 false true true true true true tmp36B7.html 2016-08-19 06979284 2014-09-01 2015-08-31 06979284 2015-08-31 06979284 2014-08-31 06979284 2014-08-31 06979284 uk-bus:Director1 2014-09-01 2015-08-31 06979284 uk-gaap:ComputerEquipment 2014-09-01 2015-08-31 06979284 uk-gaap:FixturesFittingsToolsEquipment 2014-09-01 2015-08-31 06979284 uk-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 06979284 uk-bus:OrdinaryShareClass2 2014-09-01 2015-08-31 06979284 uk-bus:OrdinaryShareClass3 2014-09-01 2015-08-31 06979284 uk-bus:OrdinaryShareClass1 2015-08-31 06979284 uk-bus:OrdinaryShareClass2 2015-08-31 06979284 uk-bus:OrdinaryShareClass3 2015-08-31 06979284 uk-bus:OrdinaryShareClass1 2014-08-31 06979284 uk-bus:OrdinaryShareClass2 2014-08-31 06979284 uk-bus:OrdinaryShareClass3 2014-08-31 06979284 uk-bus:Director2 2014-09-01 2015-08-31 06979284 uk-bus:Director3 2014-09-01 2015-08-31 06979284 uk-bus:Director5 2014-09-01 2015-08-31 06979284 uk-bus:Director3 2015-08-31 06979284 uk-bus:Director5 2015-08-31 06979284 uk-bus:AllEntityOfficers 2015-08-31 xbrli:pure xbrli:shares iso4217:GBP