Company Registration No. 07855138 (England and Wales)
INFO-CTRL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
INFO-CTRL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
INFO-CTRL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
140,429
145,179
Tangible assets
2
-
394
Investments
2
1
1
140,430
145,574
Current assets
Debtors
46,533
89,470
Cash at bank and in hand
39,308
36,675
85,841
126,145
Creditors: amounts falling due within one year
(234,913)
(264,142)
Net current liabilities
(149,072)
(137,997)
Total assets less current liabilities
(8,642)
7,577
(8,642)
7,577
Capital and reserves
Called up share capital
3
1,108
908
Share premium account
201,699
97,705
Profit and loss account
(211,449)
(91,036)
Shareholders' funds
(8,642)
7,577
INFO-CTRL LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2014
30 November 2014
- 2 -
For the financial year ended 30 November 2014 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 27 August 2015
Ms E. M. Barron
Director
Company Registration No. 07855138
INFO-CTRL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 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 goods and services net of VAT and trade discounts.
1.4
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way 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.
Development expenditure capitalised i
s
amortised
over
a ten year period
.
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:
Plant and machinery
- 25% reducing balance
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
INFO-CTRL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 December 2013
170,621
525
1
171,147
Additions
12,500
-
-
12,500
Disposals
-
(525)
-
(525)
At 30 November 2014
183,121
-
1
183,122
Depreciation
At 1 December 2013
25,442
131
-
25,573
On disposals
-
(229)
-
(229)
Charge for the year
17,250
98
-
17,348
At 30 November 2014
42,692
-
-
42,692
Net book value
At 30 November 2014
140,429
-
1
140,430
At 30 November 2013
145,179
394
1
145,574
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
SAAS-LINKS LIMITED
England and Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
SAAS-LINKS LIMITED
Dormant
1
-
INFO-CTRL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 5 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
110,791 Ordinary of 1p each
1,108
908
During the financial year, 19,965 ordinary shares of £0.01 each were issued.
5,097 ordinary shares were issued at a price of 2.94 per share and 14,868 ordinary shares were issued at a price of £6.00 per share.