REGISTERED NUMBER:
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CONRAM LIMITED |
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2015 |
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REGISTERED NUMBER:
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CONRAM LIMITED |
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2015 |
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CONRAM LIMITED (REGISTERED NUMBER: SC223939) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 6 |
CONRAM LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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CONRAM LIMITED (REGISTERED NUMBER: SC223939) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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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. |
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The financial statements were approved by the Board of Directors on
by: |
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CONRAM LIMITED (REGISTERED NUMBER: SC223939) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements - going concern |
At 31 March 2015 the company had net liabilities amounting to £61,776. The company is reliant on the |
continued support of the directors and trade creditors. The directors have confirmed their intention to continue |
to support the company and are confident of the continued support of the trade creditors. On the above basis, |
the directors consider that the accounts should be prepared on a going concern basis. |
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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 April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax, attributable to the one principal |
activity of the company being that of research and development. Income is recognised when the services have |
been provided. |
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Patents |
The patent is being written off evenly over its estimated useful life of 20 years. |
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Tangible fixed assets |
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Computer equipment | - |
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Deferred tax |
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date |
to pay more tax, or a right to pay less tax, at rates expected to apply when they reverse based on current tax rates |
and law. Timing differences arise from the inclusion of items of income and expenditure in taxation |
computations in periods different from those in which they are included in financial statements. Deferred tax is |
not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to |
sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they |
will be recovered. Deferred tax assets and liabilities are not discounted. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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CONRAM LIMITED (REGISTERED NUMBER: SC223939) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
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AMORTISATION |
At 1 April 2014 |
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Amortisation for year |
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At 31 March 2015 |
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NET BOOK VALUE |
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At 31 March 2015 |
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At 31 March 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
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Additions |
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At 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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CONRAM LIMITED (REGISTERED NUMBER: SC223939) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 March 2015 and |
31 March 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Balance outstanding at end of year |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
CONRAM LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Conram Limited for the year ended 31 March 2015 which comprise the Profit and Loss Account, |
the Balance Sheet, and the related notes from the company's accounting records and from information and explanations |
you have given us. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the Board of Directors of Conram Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Conram Limited and state those matters that we have agreed to state to the Board of Directors of Conram Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Conram Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Conram Limited. You consider that Conram Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Conram 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 financial statements. |
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21 December 2015 |