Decision Support Tools Limited - Period Ending 2015-12-31

Registration number: 05901006

Decision Support Tools Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Decision Support Tools Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Decision Support Tools Limited
(Registration number: 05901006)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					50,435			75,654
Tangible fixed assets					2,233			2,977
					52,668			78,631
Current assets
Debtors					19,832			53,925
Cash at bank and in hand					2,746			89,217
					22,578			143,142
Creditors: Amounts falling due within one year					(24,568)			(40,855)
Net current (liabilities)/assets					(1,990)			102,287
Total assets less current liabilities					50,678			180,918
Creditors: Amounts falling due after more than one year					(490,065)			(570,750)
Net liabilities					(439,387)			(389,832)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(439,388)			(389,833)
Shareholders' deficit					(439,387)			(389,832)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 24 September 2016

.........................................
J W Woodhouse
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Decision Support Tools Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of decision support software tools to customers. Turnover has been adjusted by deferred income included within other creditors.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% per annum of cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% per annum of net book value

Research and development

Development expenditure incurred is expensed to the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Decision Support Tools Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 January 2015		252,188			16,731			268,919
At 31 December 2015		252,188			16,731			268,919
Depreciation
At 1 January 2015		176,534			13,754			190,288
Charge for the year		25,219			744			25,963
At 31 December 2015		201,753			14,498			216,251
Net book value
At 31 December 2015		50,435			2,233			52,668
At 31 December 2014		75,654			2,977			78,631

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
A Ordinary shares of £1 each		1			1			1			1

4

Control

The company is controlled by The Woodhouse Partnership Limited which is the parent company. The ultimate controlling party is J W and V A Woodhouse.

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