Data Capture Solutions Ltd - Period Ending 2013-04-30

Data Capture Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2013

Data Capture Solutions Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

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 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Data Capture Solutions Ltd
for the Year Ended 30 April 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Data Capture Solutions Ltd for the year ended 30 April 2013 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Data Capture Solutions Ltd, 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 Data Capture Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Data Capture Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Data Capture Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Data Capture Solutions Ltd. You consider that Data Capture Solutions Ltd 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 Data Capture Solutions Ltd. 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.

......................................

A-spire Business Partners
Chartered Accountants
32 Byron Hill Road
Harrow on the Hill
Middlesex
HA2 0HY

15 November 2013

Page 1

Data Capture Solutions Ltd
(Registration number: 3186665)
Abbreviated Balance Sheet at 30 April 2013

	Note	2013 £	2012 £
Fixed assets
Intangible fixed assets		154,700	-
Tangible fixed assets		214,315	182,170
		369,015	182,170
Current assets
Debtors		929,551	388,171
Cash at bank and in hand		814,585	736,044
		1,744,136	1,124,215
Creditors: Amounts falling due within one year		(741,929)	(358,568)
Net current assets		1,002,207	765,647
Total assets less current liabilities		1,371,222	947,817
Provisions for liabilities		(20,017)	(24,915)
Net assets		1,351,205	922,902
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		35,000	-
Profit and loss account		1,316,105	922,802
Shareholders' funds		1,351,205	922,902

For the year ending 30 April 2013 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.

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Data Capture Solutions Ltd
(Registration number: 3186665)
Abbreviated Balance Sheet at 30 April 2013
......... continued

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 5 November 2013 and signed on its behalf by:

.........................................
Mr Kevin Ingram
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Data Capture Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Development costs	over the period of expected revenues

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	25% reducing balance

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 4

Data Capture Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2013
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 May 2012	-	872,894	872,894
Additions	154,700	89,243	243,943
At 30 April 2013	154,700	962,137	1,116,837
Depreciation
At 1 May 2012	-	690,724	690,724
Charge for the year	-	57,098	57,098
At 30 April 2013	-	747,822	747,822
Net book value
At 30 April 2013	154,700	214,315	369,015
At 30 April 2012	-	182,170	182,170

3	Share capital

Allotted, called up and fully paid shares

	2013			2012
		No.	£		No.	£
Ordinary shares of £0.01 each		10,000	100		10,000	100

Page 5