Registration number:
CyberSafe International Limited
for the Year Ended 31 March 2017
Chartered Accountants
30 St. Giles
Oxford
OX1 3LE
CyberSafe International Limited
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
CyberSafe International Limited
Company Information
Director |
T Alsop |
Registered office |
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Accountants |
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Page 1 |
CyberSafe International Limited
Director's Report for the Year Ended 31 March 2017
The director presents his report and the financial statements for the year ended 31 March 2017.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is that of a holding company of a trading subsidiary
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
T Alsop
Director
Page 2 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CyberSafe International Limited
for the Year Ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CyberSafe International Limited for the year ended 31 March 2017 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of CyberSafe International Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CyberSafe International Limited and state those matters that we have agreed to state to the Board of Directors of CyberSafe International Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CyberSafe International Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CyberSafe International Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CyberSafe International Limited. You consider that CyberSafe International 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 accounts of CyberSafe International 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 accounts.
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Chartered Accountants
Oxford
OX1 3LE
Page 3 |
CyberSafe International Limited
Profit and Loss Account for the Year Ended 31 March 2017
Note |
Total |
Total |
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Turnover |
- |
- |
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Operating profit/(loss) |
- |
- |
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Income from shares in group undertakings |
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350,301 |
200,172 |
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Profit before tax |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Page 4 |
CyberSafe International Limited
Statement of Comprehensive Income for the Year Ended 31 March 2017
Note |
2017 |
2016 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 5 |
CyberSafe International Limited
(Registration number: 4271809)
Balance Sheet as at 31 March 2017
Note |
2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Cash at bank and in hand |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Total equity |
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For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
T Alsop
Director
Page 6 |
CyberSafe International Limited
Statement of Changes in Equity for the Year Ended 31 March 2017
Share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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At 1 April 2016 |
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- |
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Profit for the year |
- |
- |
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Total comprehensive income |
- |
- |
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Dividends |
- |
- |
( |
( |
At 31 March 2017 |
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- |
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Share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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At 1 April 2015 |
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- |
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Profit for the year |
- |
- |
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Total comprehensive income |
- |
- |
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Dividends |
- |
- |
( |
( |
At 31 March 2016 |
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- |
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Page 7 |
CyberSafe International Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1
Summary of disclosure exemptions
The company is part of a small group.
Group accounts not prepared
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 8 |
CyberSafe International Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Investments |
2017 |
2016 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 April 2016 |
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Provision |
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Carrying amount |
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At 31 March 2017 |
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At 31 March 2016 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2017 |
2016 |
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Subsidiary undertakings |
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30 St Giles
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ordinary |
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England |
The principal activity of CyberSafe Limited is |
The profit for the financial period of CyberSafe Limited was £541,591 and the aggregate amount of capital and reserves at the end of the period was £1,618,622. |
Dividends |
Interim dividends paid
2017 |
2016 |
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Interim dividend of £
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Parent and ultimate parent undertaking |
The ultimate controlling party is
Page 9 |
CyberSafe International Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
Transition to FRS 102 |
Page 10 |