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ASTUTIUM LIMITED




Company Registration Number:
08183381 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st January 2013

End date: 31st December 2013

SUBMITTED

ASTUTIUM LIMITED

Contents of the Financial Statements
for the Period Ended 31st December 2013

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

ASTUTIUM LIMITED

Company Information
for the Period Ended 31st December 2013




Director: Robert David Golding
Shelagh Mary Shaw
Company secretary: Shelagh Mary Shaw
Registered office: First Floor Number One Poultry
London
EC2R 8JR
GBR
Company Registration Number: 08183381 (England and Wales)

ASTUTIUM LIMITED

Directors' Report Period Ended 31st December 2013

The directors present their report with the financial statements of the company for the period ended 31st December 2013

Principal activities
The principal activity of the company in the period under review was:
Services offered include a comprehensive range of Internet related services

Directors
The directors shown below have held office during the whole of the period from
01st January 2013 to 31st December 2013

The director(s) shown below were appointed to the company during the period
Robert David Golding on 06 September 2013

The director(s) shown below resigned during the period
Shelagh Mary Shaw on 06 September 2013

Political and charitable donations
During the year the company made no monetary political contributions. During the year the company made no monetary charitable contributions. The company offers to provide reduced price services to • UK Churches and Christian charities • NHS Hospitals and Trusts serving the UK public

Company policy on the employment of disabled persons
Astutium Ltd is an equal opportunities employer. It is company policy to give employment to persons with the required skillset, experience and attitude, irrespective of age, sex, ethnicity or ability/disability

Since incorporation Astutium Ltd has been dedicated to the provision of high quality online/internet related services to Business and Individuals worldwide, primarily in the EU SOHO/SME marketplace. Services offered include a comprehensive range of connectivity options (dial-up/adsl/leased lines and ip-transit), internet domain name registrations, email/web hosting, ecommerce services, email distribution systems, managed server rental, systems administration/management, datacentre collocation, rack setup and cabling, onsite intelligent hands and consultancy on emerging internet technologies. Astutium continues to be actively involved in the M&A of smaller Domain Registration and Hosting companies, as well as the “rescue” of clients from the increasing number of failing and liquidated ISPs. We see our main area of growth over the next 2-3 years to come from strategic acquisitions and partnerships.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 10 June 2014
And Signed On Behalf Of The Board By:

Name: Robert David Golding
Status: Director

ASTUTIUM LIMITED

Profit and Loss Account

for the Period Ended 31st December 2013

Notes 2013
£		 2012
£
Turnover: 2 417,169 120,623
Cost of sales: 263,043 79,234
Gross profit or (loss): 154,126 41,389
Distribution costs: 2,736 2,810
Administrative expenses: , 214,679 65,472
Operating profit or (loss): ( 63,289 ) ( 26,893 )
Interest receivable and similar income: 4 1
Interest payable and similar charges: 1,590 5,366
Profit or (loss) on ordinary activities before taxation: ( 64,875 ) ( 32,258 )
Profit or (loss) for the financial year: ( 64,875 ) ( 32,258 )

The notes form part of these financial statements

ASTUTIUM LIMITED

Statement of total recognised gains and losses
31st December 2013

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

ASTUTIUM LIMITED

Balance sheet
As at 31st December 2013

Notes 2013
£		 2012
£
Fixed assets
Intangible assets: 0 -
Tangible assets: 3 42,021 22,451
Total fixed assets: 42,021 22,451
Current assets
Stocks: 0 -
Debtors: 5,174 261
Cash at bank and in hand: 1,486 31,433
Total current assets: 6,660 31,694
Creditors: amounts falling due within one year 145,803 86,402
Net current assets (liabilities): ( 139,143 ) ( 54,708 )
Total assets less current liabilities: ( 97,122 ) ( 32,257 )
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): ( 97,122 ) ( 32,257 )

The notes form part of these financial statements

ASTUTIUM LIMITED

Balance sheet
As at 31st December 2013
continued

Notes 2013
£		 2012
£
Capital and reserves
Called up share capital: 4 1 1
Profit and Loss account: ( 97,123 ) ( 32,258 )
Total shareholders funds: ( 97,122 ) ( 32,257 )

For the year ending 31 December 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 10 June 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Robert David Golding
Status: Director

The notes form part of these financial statements

ASTUTIUM LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008)

    Turnover policy

    The turnover shown in the Profit and Loss Account represents amounts invoiced during the year, exclusive of Value Added Tax and trade discounts

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less its estimated Residual Value, over the useful economic life of that asset as follows: Fixtures & Fittings - five years straight line Motor Vehicles - four years straight line Computer Equipment - three years straight line

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable

    Valuation information and policy

    Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed overhead

    Other accounting policies

    Foreign currencies policy Transactions in foreign currencies are recorded at the rate ruling at the date and time of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date and time. All differences are taken into the Profit and Loss account as Exchange gain (loss).

ASTUTIUM LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 2 . Turnover

    Turnover is attributable to the following geographical markets … United Kingdom (GB) 69.47% European Union (EU) 25.25% Other 5.28% Turnover is attributable to the following currencies … GBP (Sterling) 96.24% EUR (Euro) 1.70% Other 1.96%

ASTUTIUM LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 3. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st January 2013: - - 5,900 26,467 0 32,367
    Additions: - - - 40,999 3,400 44,399
    At 31st December 2013: - - 5,900 67,466 3,400 76,766
    Depreciation
    At 01st January 2013: - - 1,180 8,736 - 9,916
    Charge for year: - - 1,180 22,516 1,133 24,829
    At 31st December 2013: - - 2,360 31,252 1,133 34,745
    Net book value
    At 31st December 2013: - - 3,540 36,214 2,267 42,021
    At 31st December 2012: - - 4,720 17,731 0 22,451

ASTUTIUM LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1
    Current period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1