DENOVO_BUSINESS_INTELLIGE - Accounts

DENOVO BUSINESS INTELLIGENCE LIMITED - Company Information

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DENOVO BUSINESS INTELLIGENCE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

Company Registration No. SC368321 (Scotland)

DENOVO BUSINESS INTELLIGENCE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DENOVO BUSINESS INTELLIGENCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

205,420

195,906

Tangible assets

23,702

31,603

229,122

227,509

Current assets

Debtors

100,382

77,317

Cash at bank and in hand

55,561

30,269

155,943

107,586

Creditors: amounts falling due within one year

(247,312)

(300,350)

Net current liabilities

(91,369)

(192,764)

Total assets less current liabilities

137,753

34,745

Creditors: amounts falling due after more than one year

(1,301)

137,753

33,444

Capital and reserves

Called up share capital

1,000

Profit and loss account

136,753

32,444

Shareholder's funds

137,753

33,444

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 May 2017

Mr George Blair

Director

Company Registration No. SC368321

DENOVO BUSINESS INTELLIGENCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Certain maintenance contracts are invoiced quarterly or annually. Income from these contracts is recognised in the period to which it relates.

1.4

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the director is satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% on reducing balance basis

Motor vehicles

25% on reducing balance basis

1.6

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

DENOVO BUSINESS INTELLIGENCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2015

570,258

59,874

630,132

Additions

83,421

At 30 November 2016

653,679

59,874

713,553

Depreciation

At 1 December 2015

374,352

28,271

402,623

Charge for the year

73,907

7,901

81,808

At 30 November 2016

448,259

36,172

484,431

Net book value

At 30 November 2016

205,420

23,702

229,122

At 30 November 2015

195,906

31,603

227,509

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £1,300 (2015 - £15,602).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £1,301).

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000