eOffice 2000 Limited |
Balance Sheet |
as at 31 December 2015 |
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Intangible assets |
4 |
|
|
4,375 |
|
|
8,225 |
Tangible assets |
5 |
|
|
400,523 |
|
|
232,062 |
Investments |
6 |
|
|
86,707 |
|
|
86,601 |
|
|
|
|
491,605 |
|
|
326,888 |
|
Current assets |
Stocks |
|
|
- |
|
|
15,040 |
Debtors |
8 |
|
179,165 |
|
|
79,526 |
Cash at bank and in hand |
7 |
|
278,104 |
|
|
237,266 |
|
|
|
457,269 |
|
|
331,832 |
|
Creditors: amounts falling due within one year |
9 |
|
(266,948) |
|
|
(205,976) |
|
Net current assets |
|
|
|
190,321 |
|
|
125,856 |
|
Total assets less current liabilities |
|
|
|
681,926 |
|
|
452,744 |
|
Creditors: amounts falling due after more than one year |
10 |
|
|
- |
|
|
(77,658) |
|
|
|
Net assets |
|
|
|
681,926 |
|
|
375,086 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
11 |
|
|
2,500,000 |
|
|
2,500,000 |
Profit and loss account |
12 |
|
|
(1,818,074) |
|
|
(2,124,914) |
|
Shareholders' funds |
|
|
|
681,926 |
|
|
375,086 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
P. P. Mucelli |
Director |
Approved by the board on 1 February 2016 |
|
eOffice 2000 Limited |
Notes to the Accounts |
for the year ended 31 December 2015 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment & furniture |
10% - 20% straight line |
|
Intangible assets |
33.3% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Operating profit |
2015 |
|
2014 |
£ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
105,310 |
|
94,199 |
|
Amortisation of intangibles |
6,030 |
|
6,752 |
|
Directors' remuneration |
7,920 |
|
12,000 |
|
Pension costs |
3,855 |
|
4,492 |
|
|
|
|
|
|
|
|
|
|
3 |
Interest payable |
2015 |
|
2014 |
£ |
£ |
|
|
Interest payable |
544 |
|
1,940 |
|
|
|
|
|
|
|
|
|
|
4 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
19,772 |
|
Additions |
2,180 |
|
At 31 December 2015 |
21,952 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2015 |
11,547 |
|
Provided during the year |
6,030 |
|
At 31 December 2015 |
17,577 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
4,375 |
|
At 31 December 2014 |
8,225 |
|
|
|
|
|
|
|
|
|
|
|
|
5 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2015 |
995,435 |
|
20,000 |
|
1,015,435 |
|
Additions |
273,771 |
|
- |
|
273,771 |
|
At 31 December 2015 |
1,269,206 |
|
20,000 |
|
1,289,206 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
778,373 |
|
5,000 |
|
783,373 |
|
Charge for the year |
100,310 |
|
5,000 |
|
105,310 |
|
At 31 December 2015 |
878,683 |
|
10,000 |
|
888,683 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
390,523 |
|
10,000 |
|
400,523 |
|
At 31 December 2014 |
217,062 |
|
15,000 |
|
232,062 |
|
|
|
|
|
|
|
|
|
|
6 |
Investments |
Investments in |
subsidiary |
Other |
undertakings |
investments |
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2015 |
62,815 |
|
23,786 |
|
86,601 |
|
Additions |
5,413 |
|
10,434 |
|
15,847 |
|
Disposals |
(15,741) |
|
- |
|
(15,741) |
|
|
At 31 December 2015 |
52,487 |
|
34,220 |
|
86,707 |
|
|
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
|
|
Company |
Shares held |
|
|
Class |
% |
|
OpenOffices Limited |
Ordinary |
90 |
|
|
Other investments |
2015 |
|
2014 |
£ |
£ |
|
|
Other investments |
34,220 |
|
23,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other investments comprise artworks held at cost. |
|
7 |
Cash at bank and in hand |
|
|
Cash at bank and in hand includes £182,938 of supplier deposits. Although these amounts are held by the Company access to and use of this cash is restricted. |
|
|
8 |
Debtors |
2015 |
|
2014 |
£ |
£ |
|
|
Trade debtors |
6,170 |
|
9,999 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
29,838 |
|
- |
|
Other debtors |
143,157 |
|
69,527 |
|
|
|
|
|
|
179,165 |
|
79,526 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
- |
|
89,000 |
|
|
|
|
|
|
|
|
|
|
9 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
£ |
£ |
|
|
Trade creditors |
24,127 |
|
30,318 |
|
Other taxes and social security costs |
53,444 |
|
40,638 |
|
Other creditors |
189,377 |
|
135,020 |
|
|
|
|
|
|
266,948 |
|
205,976 |
|
|
|
|
|
|
|
|
|
|
10 |
Creditors: amounts falling due after one year |
2015 |
|
2014 |
£ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
77,658 |
|
|
|
|
|
|
|
|
|
|
11 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2,500,000 |
|
2,500,000 |
|
2,500,000 |
|
|
|
|
|
|
|
|
|
|
12 |
Profit and loss account |
2015 |
£ |
|
|
At 1 January 2015 |
(2,124,914) |
|
Profit for the year |
306,840 |
|
|
At 31 December 2015 |
(1,818,074) |
|
|
|
|
|
|
|
|
13 |
Other financial commitments |
2015 |
|
2014 |
£ |
£ |
|
At the year end the company had annual commitments under non-cancellable operating leases as set out below: |
|
|
Operating leases which expire: |
|
within one year |
21,994 |
|
318,000 |
|
within two to five years |
416,791 |
|
66,036 |
|
|
|
|
|
|
438,785 |
|
384,036 |
|
|
|
|
|
|
|
|
|