Accounts filed on 01-01-2016
Accounts filed on 01-01-2016
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02998588
PERCEPTOR SOLUTIONS LIMITED
2016-01-01
18424
15528
23443
15958
39401
7915
13062
20977
951
2664
49027
49027
46363
48076
1713
19375
18192
4154
26789
4154
26789
18168
32904
18168
32904
-14014
-6115
5361
12077
25878
33100
25878
33100
Creditors include an amount of £33,738 (31.12.14 £40,000) for which security has been given.
To secure any borrowing that it may lend to the company, HSBC Bank PLC holds a debenture dated 23 October 2001 over the current and future fixed and floating assets of the company.
Secondly the company's director has provided a personal guarantee to the value of £55,000 in respect to any bank borrowing provided by HSBC Bank PLC.
At 31 December 2015 the borrowing provided by HSBC Bank PLC stood at £33,738 (2014 £40,000).
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2
Ordinary
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2
2
2
-20519
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2016-09-28
S H T SAHLSBERG
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Basis of preparing the financial statements
Due to considerable investment in the development of new software products, at the year end the company showed net liabilities of £20,517 (2014 £21,023). The ability of the company to continue to trade is dependent upon the continuing support of the director and the company's bankers. The director is pleased to confirm that he has secured bank support for the forthcoming year and he will also continue this support for the forthcoming year.
In the director's opinion it is appropriate to prepare the financial statements on the going concern basis.
The financial statements do not include any adjustments that would result from the withdrawal of the support of the director or the company's bankers.
Patents and trade marks
Amortisation is provided at the annual rate of 20% on cost in order to write off the asset over its estimated useful life.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
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.
Development costs
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. Amortisation commences once the director believes that commercial production will commence in the immediate future.
The director is of the opinion that commercial production will commence in the immediate future and amortisation over a period of three years has been applied.
Turnover
Turnover represent net invoiced sales of goods and services arising fro the company's principal activity, excluding value added tax, The income from licence fees is released over the term of the contract.
Fixtures and Fittings
On cost
20.00
Computer equipment
On cost
33.00
Director's advances, credits and guarantees
The following loan to directors subsisted during the years ended 31 December 2015 and 2014:
31.12.15 31.12.14
SHT Sahlsberg £ £
Balance outstanding at start of year (3,505) (9,937)
Amounts advanced 28,261 39,863
Amounts repaid (27,233) (33,431)
Balance outstanding at end of year (2,477) (3,505)
Director's advances, credits and guarantees continued
The loan from the director carries no right to interest and has no set repayment terms.
Secondly the company's director has provided a personal guarantee to the value of £55,000 in respect to any bank borrowing provided by HSBC Bank PLC.
At 31 December 2015 the borrowings provided by HSBC Bank PLC stood at £33,738 (2014 £40,000)
Ultimate controlling party
The ultimate controlling party is S H T Sahlsberg, the director of the company.
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iso4217:GBP
iso4217:GBP
PERCEPTOR SOLUTIONS LIMITED
2015-01-022016-01-01
PERCEPTOR SOLUTIONS LIMITED
2014-01-02
2015-01-01
PERCEPTOR SOLUTIONS LIMITED
2015-01-02
PERCEPTOR SOLUTIONS LIMITED
2016-01-01
PERCEPTOR SOLUTIONS LIMITED
2014-01-02
PERCEPTOR SOLUTIONS LIMITED
2015-01-01
2016-09-28
