Accounts Submission

Accounts Submission

ID COMPUTER SOFTWARE LTD - Company Information

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ID COMPUTER SOFTWARE LTD

Company Registration Number:
SC331676 (Scotland)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 November 2015

End date: 31 October 2016

ID COMPUTER SOFTWARE LTD

Abbreviated Balance sheet

As at 31 October 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 2 20,100 2,450
Tangible assets: 3 1,502 2,228
Total fixed assets: 21,602 4,678
Current assets
Debtors: 21,371 15,892
Cash at bank and in hand: 2,844
Total current assets: 21,371 18,736
Creditors: amounts falling due within one year: 4 ( 76,592 ) ( 51,005 )
Net current assets (liabilities): ( 55,221 ) ( 32,269 )
Total assets less current liabilities: ( 33,619 ) ( 27,591 )
Total net assets (liabilities): ( 33,619 ) ( 27,591 )

The notes form part of these financial statements

ID COMPUTER SOFTWARE LTD

Balance sheet continued

As at 31 October 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 100 100
Profit and loss account: ( 33,719 ) ( 27,691 )
Shareholders funds: ( 33,619 ) ( 27,591 )

For the year ending 31 October 2016 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 directors acknowledge their 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 31 July 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Iain Dunbar
Status: Director

The notes form part of these financial statements

ID COMPUTER SOFTWARE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rate in order to write off each asset over its estimated life.
    Plant and Machinery 33% on cost
    Computer Equipment 25% on cost

    Intangible fixed assets amortisation policy

    Depreciation is provided at the following annual rate in order to write off each asset over its estimated life.
    Software 33% on cost

ID COMPUTER SOFTWARE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2016

  • 2. Intangible assets

    Total
    Cost £
    01 November 2015: 43,593
    Additions: 30,000
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 October 2016: 73,593
    Amortisation
    01 November 2015: 41,143
    Provided during the period: 12,350
    On disposals: 0
    Other Adjustments: 0
    31 October 2016: 53,493
    Net book value
    31 October 2016: 20,100
    31 October 2015: 2,450

ID COMPUTER SOFTWARE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2016

  • 3. Tangible assets

    Total
    Cost £
    01 November 2015: 17,965
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 October 2016: 17,965
    Depreciation
    01 November 2015: 15,737
    Charge for year: 726
    On disposals: 0
    Other adjustments: 0
    31 October 2016: 16,463
    Net book value
    31 October 2016: 1,502
    31 October 2015: 2,228

ID COMPUTER SOFTWARE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 27,572
    Taxation and social security: 25,144 25,522
    Other creditors: 23,876 25,483
    Total: 76,592 51,005

ID COMPUTER SOFTWARE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100