Netduma Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07497799 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

NETDUMA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I K Fraser

S Fraser

L S Barlow

REGISTERED OFFICE:

20-22 Wenlock Road,

LONDON

N1 7GU

REGISTERED NUMBER:

07497799 (England and Wales)

ACCOUNTANTS:

Badcock Business Solutions

Chartered Accountants

4 Prince William Close

Worthing

West Sussex

BN14 0AZ

FIXED ASSETS

Tangible assets

2

1,877

599

CURRENT ASSETS

Stocks

23,919

5,500

Debtors

3,945

-

Cash at bank

234,529

25,802

262,393

31,302

CREDITORS

Amounts falling due within one year

99,008

21,256

NET CURRENT ASSETS

163,385

10,046

TOTAL ASSETS LESS CURRENT
LIABILITIES

165,262

10,645

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

164,262

9,645

SHAREHOLDERS' FUNDS

165,262

10,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 30 December 2016 and were signed on its behalf
by:

L S Barlow - Director

S Fraser - 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).

Turnover

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

Tangible fixed assets

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

Test equipment

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

668

Additions

1,850

At 31 March 2016

2,518

DEPRECIATION

At 1 April 2015

69

Charge for year

572

At 31 March 2016

641

NET BOOK VALUE

At 31 March 2016

1,877

At 31 March 2015

599

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal
Value:

31/03/16

31/03/15

£

700

Ordinary

£1

700

1,000

75

Ordinary 'A'

£1

75

0

150

Ordinary 'B'

£1

150

0

75

Ordinary 'C'

£1

75

0

1,000

On 23 October 2015 the company's 1,000 ordinary shares of £1 each were sub divided into four separate classes

as above.

4.	ULTIMATE PARENT COMPANY

Netduma Software Ltd (incorporated in England and Wales ) is regarded by the directors as being the

company's ultimate parent company.