Decision Support Tools Limited - Period Ending 2016-12-31
Decision Support Tools Limited - Period Ending 2016-12-31
Registration number:
for the Year Ended
Decision Support Tools Limited
Contents
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Balance Sheet |
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Notes to the Financial Statements |
Decision Support Tools Limited
(Registration number: 05901006)
Balance Sheet as at 31 December 2016
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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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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Total equity |
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For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
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Page 1 |
Decision Support Tools Limited
(Registration number: 05901006)
Balance Sheet as at 31 December 2016
Approved and authorised by the
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J W Woodhouse
Director
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Page 2 |
Decision Support Tools Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
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General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Hall Farm House
Sustead
Norfolk
NR11 8RY
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
25% per annum of net book value |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
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Page 3 |
Decision Support Tools Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Development costs
Development expenditure incurred is expensed to the profit and loss account.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Goodwill |
10% per annum of cost |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Taxation |
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2016 |
2015 |
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£ |
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Corporation tax |
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Deferred tax |
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Page 4 |
Decision Support Tools Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 January 2016 |
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At 31 December 2016 |
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Amortisation |
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At 1 January 2016 |
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Amortisation charge |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
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At 31 December 2015 |
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2016 |
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At 31 December 2016 |
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Depreciation |
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At 1 January 2016 |
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Charge for the year |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
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At 31 December 2015 |
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Page 5 |
Decision Support Tools Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
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Debtors |
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2016 |
2015 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
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Note |
2016 |
2015 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Due after one year |
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Other non-current financial liabilities |
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Related party transactions |
Summary of transactions with parent
The Woodhouse Partnership Limited made a loan to the company. At the balance sheet date the amount due to The Woodhouse Partnership Limited was £382,922 (2016: £490,065).
During the year net sales of £305,105 (2016: £61,346) were made to, and net purchases of £1,812 (2016: £2,351) were made from The Woodhouse Partnership Limited. At the year end £125,526 was due from (2016: £1,954 was due to) The Woodhouse Partnership Limited and is included within trade debtors (2016: trade creditors).
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is
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Page 6 |
Decision Support Tools Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
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Transition to FRS 102 |
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Page 7 |