Perceptive Engineering Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04589932 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

PERCEPTIVE ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D J Lovett

Mr A P Whittaker

Mr J B Jackson

Dr C H Elphick

Mr N J Bell

REGISTERED OFFICE:

Vanguard House

Keckwick Lane

Daresbury

Cheshire

WA4 4AB

REGISTERED NUMBER:

04589932 (England and Wales)

ACCOUNTANTS:

M. S. Twist & Co. Limited

Chartered Certified Accountants

205A Ashley Road

Hale

Altrincham

Cheshire

WA15 9SQ

FIXED ASSETS

Intangible assets

2

42,000

48,000

Tangible assets

3

23,241

25,712

Investments

4

24,304

17,131

89,545

90,843

CURRENT ASSETS

Debtors

742,967

623,427

Cash at bank and in hand

248,894

38,428

991,861

661,855

CREDITORS

Amounts falling due within one year

(482,420

)

(315,052

)

NET CURRENT ASSETS

509,441

346,803

TOTAL ASSETS LESS CURRENT
LIABILITIES

598,986

437,646

CAPITAL AND RESERVES

Called up share capital

5

92

104

Share premium account

111,572

157,213

Capital redemption reserve

12

-

Profit and loss account

487,310

280,329

SHAREHOLDERS' FUNDS

598,986

437,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 July 2016 and were signed on its behalf by:

Mr D J Lovett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Intellectual property

Acquired Intellectual property is valued at cost less accumulated amortisation. Amortisation is calculated to

write off the cost in equal instalments over their estimated useful life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Office equipment

-

25% or 33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Government grants

Grants are credited to revenue. Grants towards capital expenditure are released to the profit and loss account

over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss

account as the related expenditure is incurred.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

120,000

AMORTISATION

At 1 January 2015

72,000

Amortisation for year

6,000

At 31 December 2015

78,000

NET BOOK VALUE

At 31 December 2015

42,000

At 31 December 2014

48,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2015

79,028

Additions

15,947

At 31 December 2015

94,975

DEPRECIATION

At 1 January 2015

53,316

Charge for year

18,418

At 31 December 2015

71,734

NET BOOK VALUE

At 31 December 2015

23,241

At 31 December 2014

25,712

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

17,131

Additions

7,173

At 31 December 2015

24,304

NET BOOK VALUE

At 31 December 2015

24,304

At 31 December 2014

17,131

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Perceptive Engineering Solutions Pte Limited

Country of incorporation: Singapore

Nature of business: provision of solutions for the process industry

%

Class of shares:

holding

Ordinary

70.00

31.7.15

31.7.14

£

Aggregate capital and reserves

(87,377

)

(81,838

)

Loss for the year

(5,539

)

(77,023

)

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

9,196

Ordinary

1p

92

104

(31.12.14 -
10,406 )

The redeemable A shares were redeemed on 17 October 2014.

The redeemable B shares were redeemed on 17 October 2014.