REGISTERED NUMBER: 05023257 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Abilisoft Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A P Onacko

REGISTERED OFFICE:

9 Doolittle Mill

Froghall Road

Ampthill

Bedfordshire

MK45 2ND

REGISTERED NUMBER:

05023257 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Intangible assets

2

685,662

600,205

Tangible assets

3

952

1,350

686,614

601,555

CURRENT ASSETS

Debtors

990,728

703,094

Cash at bank

746,092

1,091,102

1,736,820

1,794,196

CREDITORS

Amounts falling due within one year

2,038,909

1,685,068

NET CURRENT (LIABILITIES)/ASSETS

(302,089

)

109,128

TOTAL ASSETS LESS CURRENT LIABILITIES

384,525

710,683

PROVISIONS FOR LIABILITIES

133,771

120,040

NET ASSETS

250,754

590,643

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

250,654

590,543

SHAREHOLDERS' FUNDS

250,754

590,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 June 2016 and were signed by:

A P Onacko - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Research and development

Costs attributed to research and development have been capitalised during the year. These costs will be

amortised over each product's anticipated sales lifetime of 5 years from January 2010.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,320,227

Additions

280,644

At 31 March 2016

1,600,871

AMORTISATION

At 1 April 2015

720,022

Amortisation for year

195,187

At 31 March 2016

915,209

NET BOOK VALUE

At 31 March 2016

685,662

At 31 March 2015

600,205

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

9,569

Additions

826

At 31 March 2016

10,395

DEPRECIATION

At 1 April 2015

8,219

Charge for year

1,224

At 31 March 2016

9,443

NET BOOK VALUE

At 31 March 2016

952

At 31 March 2015

1,350

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary shares

£1

100

100