Year Ended
Registration number:
Deafinite Interpreters Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Deafinite Interpreters Limited
Company Information
Directors |
Mrs C Renaud Mrs H Caldwell Mrs A Kingdon |
Registered office |
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Accountants |
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Page 1 |
Deafinite Interpreters Limited
Balance Sheet
31 March 2017
Note |
2017 |
2016 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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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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Profit and loss account |
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Total equity |
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Page 2 |
Deafinite Interpreters Limited
Balance Sheet
31 March 2017
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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
These financial statements have been prepared and delivered 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
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Mrs C Renaud
Director
Company Registration Number: 06858756
Page 3 |
Deafinite Interpreters Limited
Notes to the Financial Statements
Year Ended 31 March 2017
General information |
The company is a private company limited by share capital incorporated in England and Wales.
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS102.
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.
Change in basis of accounting
The company's financial statements have been prepared in accordance with FRS102 - the Financial Reporting Standard applicable in the UK and Republic of Ireland. The company has transferred from previously extant UK GAAP to FRS102 as at 1 April 2015. There is no material impact on the reported financial position and financial performance.
Going concern
Since the balance sheet date the Directors have taken the decision for the company to cease to trade. As a consequence of this decision an alternative basis to the going concern assertion has been applied in the preparation of these financial statements. The consequence of adopting an alternative basis to the going concern assertion has had no impact on the reported results for the year.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Page 4 |
Deafinite Interpreters Limited
Notes to the Financial Statements
Year Ended 31 March 2017
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
25% reducing balance |
Office equipment |
25% reducing balance |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
10% straight line |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 5 |
Deafinite Interpreters Limited
Notes to the Financial Statements
Year Ended 31 March 2017
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 6 |
Deafinite Interpreters Limited
Notes to the Financial Statements
Year Ended 31 March 2017
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 April 2016 |
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At 31 March 2017 |
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Amortisation |
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At 1 April 2016 |
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Amortisation charge |
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At 31 March 2017 |
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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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Tangible assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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At 1 April 2016 |
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Additions |
- |
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At 31 March 2017 |
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Depreciation |
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At 1 April 2016 |
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Charge for the year |
- |
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At 31 March 2017 |
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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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Page 7 |
Deafinite Interpreters Limited
Notes to the Financial Statements
Year Ended 31 March 2017
Debtors |
2017 |
2016 |
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Trade debtors |
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Prepayments |
- |
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Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Trade creditors |
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Social security and other taxes |
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Outstanding defined contribution pension costs |
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- |
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Other creditors |
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Accrued expenses |
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Corporation tax |
17,500 |
10,900 |
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Directors' current accounts |
2017 |
2016 |
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Director's current account - Mrs C Renaud |
10,358 |
19,894 |
Director's current account - Mrs H Caldwell |
10,139 |
19,674 |
Director's current account - Mrs A Kingdon |
10,062 |
19,605 |
30,559 |
59,173 |
Page 8 |
Deafinite Interpreters Limited
Notes to the Financial Statements
Year Ended 31 March 2017
Share capital |
Allotted, called up and fully paid shares
2017 |
2016 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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100 |
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100 |
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100 |
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100 |
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Rights, preferences and restrictions
The £1 Ordinary A shares have voting rights and entitle the holder to rights to capital and dividends. |
The £1 Ordinary B shares have voting rights and entitle the holder to rights to capital and dividends. |
The £1 Ordinary C shares have voting rights and entitle the holder to rights to capital and dividends. |
Financial commitments, guarantees and contingencies |
The total amount of financial commitments not included in the balance sheet is £
Non adjusting events after the financial period |
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Page 9 |