Numecent Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06367508 (England and Wales)

NUMECENT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

O Kent

P J Brosnan

W R C C Cunningham

T F Lagatta

REGISTERED OFFICE:

Suite 4 One Sceptre House

Hornbeam Square North

Harrogate

North Yorkshire

HG2 8PB

REGISTERED NUMBER:

06367508 (England and Wales)

ACCOUNTANTS:

BPR Heaton

Chartered Accountants

27a Lidget Hill

Pudsey

Leeds

West Yorkshire

LS28 7LG

FIXED ASSETS

Tangible assets

2

3,945

1,475

CURRENT ASSETS

Debtors

4,373,338

4,481,345

Cash at bank

68,528

67,756

4,441,866

4,549,101

CREDITORS

Amounts falling due within one year

6,451,933

6,443,051

NET CURRENT LIABILITIES

(2,010,067

)

(1,893,950

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,006,122

)

(1,892,475

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(2,006,123

)

(1,892,476

)

SHAREHOLDERS' FUNDS

(2,006,122

)

(1,892,475

)

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 26 September 2016 and were signed on
its behalf by:

O Kent - Director

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).

The going concern status of the company is dependent upon the continued financial support of its

parent company to provide working capital. At the year end the company owed £5,505,530 (2014:

£5,748,442) to the parent company and the directors have received assurance that the parent

company has no intention of requesting the loan to be repaid in the foreseeable future.

Turnover

Turnover represents the value of software licenses and related technical support services and

maintenance provided under contracts to the extent that there is a right to consideration and is

recorded at the value of the consideration due. Where a contract has only been partially completed at

the balance sheet date, turnover represents the value of the service provided to date based on a

proportion of the total expected consideration at completion. Where payments are received from

customers in advance of services provided, the amounts are recorded as 'Deferred income' and

included as part of 'Creditors due within one year'.

Tangible fixed assets

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

Computer equipment and software

-

Straight line over 3 years

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,705

Additions

4,702

At 31 December 2015

7,407

DEPRECIATION

At 1 January 2015

1,230

Charge for year

2,232

At 31 December 2015

3,462

NET BOOK VALUE

At 31 December 2015

3,945

At 31 December 2014

1,475

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

4.	ULTIMATE PARENT COMPANY

The ultimate parent company for the year under review was Numecent Holdings Limited.