PureNet Solutions Limited - Abbreviated accounts 16.1
PureNet Solutions Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
| FOR |
| PURENET SOLUTIONS LIMITED |
| PURENET SOLUTIONS LIMITED (REGISTERED NUMBER: 06013169) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 December 2015 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 2 |
| PURENET SOLUTIONS LIMITED (REGISTERED NUMBER: 06013169) |
| ABBREVIATED BALANCE SHEET |
| 31 December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 | 251,919 | 148,090 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| PURENET SOLUTIONS LIMITED (REGISTERED NUMBER: 06013169) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 December 2015 |
| 1. | ACCOUNTING POLICIES |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about PureNet Solutions Limited as an individual company and do not contain |
| consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the |
| Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the |
| company has obtained the right to consideration through its performance and is measured at the fair value of the right to |
| consideration. |
| Goodwill and other intangible fixed assets |
| Acquired goodwill and other intangible fixed assets excluding development costs are written off in equal annual instalments |
| over an estimated useful economic life of 20 years. |
| Development costs |
| Development costs relate to clearly defined software products and are capitalised where it is reasonably expected that future |
| related revenues will exceed development costs together with related production, selling and administrative costs. |
| Completed development costs are amortised over the period expected to benefit from future revenues, which is critically |
| reviewed at each accounting date. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Deferred tax |
| The general principle is that deferred tax is recognised as a liability or asset if the transactions or events that give an |
| obligation to pay more tax in future or a right to pay less tax in future have occurred by the balance sheet date. |
| Operating leases |
| Operating lease rentals are charged against profits of the period to which they relate. |
| Pension costs and other post-retirement benefits |
| Payments to defined contribution pension schemes are charged as an expense in the period to which they relate. |
| Going concern |
| The company has a net asset position and the directors are satisfied that sufficient resources will be available to continue |
| operating for the foreseeable future despite the increasing net current liabilities shown in these accounts. Thus the directors |
| continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
| PURENET SOLUTIONS LIMITED (REGISTERED NUMBER: 06013169) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 December 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| Additions |
| At 31 December 2015 |
| AMORTISATION |
| At 1 January 2015 |
| Amortisation for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| Additions |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 January 2015 |
| and 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| PURENET SOLUTIONS LIMITED (REGISTERED NUMBER: 06013169) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 December 2015 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 100 | 100 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary A | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 2 | 2 |
| PURENET SOLUTIONS LIMITED (REGISTERED NUMBER: 06013169) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 December 2015 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Country of incorporation: Canada |
| Nature of business: |
| % |
| Class of shares: | holding |
| Common | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 652 | 675 |
| Profit for the year | 56 | 674 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £0.01 |
| 2,011 | 2,011 |