Pirean Software Limited - Period Ending 2016-05-31
Pirean Software Limited - Period Ending 2016-05-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Pirean Software Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pirean Software Limited
for the Year Ended 31 May 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pirean Software Limited for the year ended 31 May 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Pirean Software Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pirean Software Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pirean Software Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pirean Software Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Pirean Software Limited. You consider that Pirean Software Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pirean Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Blue Spire Limited
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY
24 February 2017
Pirean Software Limited
(Registration number: 08551735)
Abbreviated Balance Sheet at 31 May 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
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S Wilson
Director
2
Pirean Software Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Goodwill
Intangible assets are shown at original cost
Amortisation
Intangible assets have not been amortised this year as in the opinion of the Directors the current value is not less than original cost
Asset class |
Amortisation method and rate |
Intellectual Property Rights |
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Software Development |
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Research and development
Financial instruments
Pensions
Fixed assets |
Intangible assets
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Total
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Cost |
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At 1 June 2015 |
1,100,883 |
1,100,883 |
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Additions |
10,344 |
10,344 |
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At 31 May 2016 |
1,111,227 |
1,111,227 |
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Depreciation |
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At 31 May 2016 |
- |
- |
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Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Pirean Software Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by