Databorough Limited - Limited company accounts 11.6
Databorough Limited - Limited company accounts 11.6
REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2014 |
FOR |
DATABOROUGH LIMITED |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Profit and Loss Account | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
DATABOROUGH LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2014 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
REPORT OF THE DIRECTOR |
FOR THE YEAR ENDED 31 MARCH 2014 |
The director presents his report with the financial statements of the company for the year ended 31 March 2014. |
REVIEW OF BUSINESS |
Fresche Solutions Inc, a company registered in Canada, acquired the whole of the share capital in the company on 7 |
August 2013. |
DIRECTORS |
The directors who have held office during the period from 1 April 2013 to the date of this report are as follows: |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
to small companies. |
ON BEHALF OF THE BOARD: |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 31 MARCH 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT | 2 |
Income from fixed asset investments |
Interest receivable and similar income | ( |
) |
309,437 | 8,109 |
466,780 | 565,576 |
Interest payable and similar charges |
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
Tax on profit on ordinary activities | 3 |
PROFIT FOR THE FINANCIAL YEAR |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
BALANCE SHEET |
31 MARCH 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Profit and loss account | 11 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
BALANCE SHEET - continued |
31 MARCH 2014 |
The financial statements were approved by the director on |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
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 April 2008). |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax, adjusted for income |
deferred on maintenance contracts which is apportioned over the periods of the contracts. |
Tangible fixed assets |
Plant and machinery etc | - |
Work-in-progress |
Work-in-progress is stated at the director's estimate of direct costs plus attributable overheads based on normal |
level of activity. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction though the annual average rate of exchange has been used to convert the trading |
transactions for the financial statements.. Exchange differences are taken into account in arriving at the operating |
result. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract which |
evidences a residual interest in the assets of the company after deducting all of its liabilities. |
2. | OPERATING PROFIT |
The operating profit is stated after charging/(crediting): |
2014 | 2013 |
£ | £ |
Depreciation - owned assets |
Loss on disposal of fixed assets |
Foreign exchange differences | ( |
) |
Directors' remuneration and other benefits etc |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2014 |
3. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2014 nor for the year |
ended 31 March 2013. |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2013 |
Additions |
Disposals | ( |
) |
At 31 March 2014 |
DEPRECIATION |
At 1 April 2013 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 April 2013 |
and 31 March 2014 | 28,825 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Associated company |
Country of incorporation: India |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 49.00 |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2014 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2014 | 2013 |
£ | £ |
Trade debtors | 210,741 | 443,656 |
Amounts owed by group undertakings |
Other debtors | 26,831 | 18,192 |
7. | CURRENT ASSET INVESTMENTS |
2014 | 2013 |
£ | £ |
Listed investments | - | 787,764 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2014 | 2013 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2014 | 2013 |
£ | £ |
Other creditors |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | 1 |
11. | RESERVES |
Profit |
and loss |
account |
£ |
At 1 April 2013 |
Profit for the year |
At 31 March 2014 |
DATABOROUGH LIMITED (REGISTERED NUMBER: 01795263) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2014 |
12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
M T Tregear was a director and majority shareholder of the company until his resignation and sale of his shares |
on 7 August 2013. During this period, the company paid personal expenses of £3,745 on his behalf and he |
repaid the balance of £4,072 owed on his loan account on 31 July 2013. |
13. | RELATED PARTY DISCLOSURES |
Fresche Solutions Inc |
The company is a wholly owned subsidiary of Fresche Solutions Inc |
During the year, the company made an interest free loan to Fresche Solutions Inc of £1,600,000, which remained |
outstanding at 31 March 2014. |
14. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |