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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016 |
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SILVER CURVE LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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SILVER CURVE LIMITED |
SILVER CURVE LIMITED (REGISTERED NUMBER: 07213545) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 March 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
SILVER CURVE LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 March 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SILVER CURVE LIMITED (REGISTERED NUMBER: 07213545) |
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ABBREVIATED BALANCE SHEET |
31 March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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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. |
SILVER CURVE LIMITED (REGISTERED NUMBER: 07213545) |
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ABBREVIATED BALANCE SHEET - continued |
31 March 2016 |
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The financial statements were approved by the Board of Directors on
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SILVER CURVE LIMITED (REGISTERED NUMBER: 07213545) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis, which the directors consider to be |
appropriate, as they have agreed not to withdraw their loan accounts and to provide the necessary finance to |
enable the company to meet its liabilities as they fall due. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents sales under licence of software systems and the provision of advisory services in the |
application of digital media, excluding value added tax, performed during the year. |
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Research and development |
Expenditure incurred on the development of internally generated products is capitalised if it can be demonstrated |
that it is a clearly defined project, it is technically feasible to develop the product for it to be sold, adequate |
resources are available to complete the development, sale of the product will generate future economic benefits, |
and expenditure on the project can be measured reliably. |
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Capitalised development costs are amortised over the periods in which the company expects to benefit from |
selling the products developed. The amortisation expense is included in costs recognised in the profit and loss |
account. The useful life and the value of the capitalised development cost are assessed for impairment at least |
annually. The value is written down immediately if impairment has occurred and the unimpaired cost amortised |
over the reduced useful life. |
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Development expenditure not satisfying the above criteria is recognised in the profit and loss account as |
incurred. |
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Tangible fixed assets |
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Office equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
SILVER CURVE LIMITED (REGISTERED NUMBER: 07213545) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 31 March 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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AMORTISATION |
Amortisation for year |
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At 31 March 2016 |
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NET BOOK VALUE |
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At 31 March 2016 |
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At 31 March 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £0.01 |
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SILVER CURVE LIMITED (REGISTERED NUMBER: 07213545) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 31 March 2016 |
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5. | CALLED UP SHARE CAPITAL - continued |
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On 1 May 2013, the company issued 799 Ordinary £1 shares at par. |
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On 3 September 2013, the 800 Ordinary £1 shares in issue were sub-divided into 80,000 Ordinary shares at |
£0.01p each. |
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On 9 September 2013, 20,000 Ordinary shares at £0.01p each were issued at £10 per share. |
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On 17 September 2014, 2,230 Ordinary shares at £0.01p each were issued at £13.46 per share. |
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On 30 September 2014, 11,070 Ordinary shares at £0.01p each were issued at £13.46 per share. |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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As at 31 March 2016, B G Crotaz had loaned the company £22,834 (2015 - £24,758). There is no interest due on |
the loan and it is repayable upon demand. |
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As at 31 March 2016, B L Crotaz had loaned the company £114,684 (2015 - £110,680). Interest of £nil (2015 - |
£7,539) has been charged on the loan and it is repayable upon demand. |
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7. | ULTIMATE CONTROLLING PARTY |
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B G Crotaz is the ultimate controlling party by virtue of his controlling shareholding in the company. |