SNB Electronic Services Limited - Limited company - abbreviated

REGISTERED NUMBER: 03605386 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2015

for

SNB Electronic Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C M Bolton

S N Bolton

R A Clayton

L Carter

D Sale

SECRETARY:

Mrs K Dawson

REGISTERED OFFICE:

Sunbeam Cottage

Ellerton

York

North Yorkshire

YO42 4NZ

REGISTERED NUMBER:

03605386 (England and Wales)

ACCOUNTANTS:

David Newton & Co Limited

Chartered Certified Accountants

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

FIXED ASSETS

Tangible assets

2

1,171,199

1,164,192

CURRENT ASSETS

Stocks

100,000

Debtors

695,436

1,193,885

Cash at bank

892,030

593,499

1,687,466

1,887,384

CREDITORS

Amounts falling due within one year

514,498

462,712

NET CURRENT ASSETS

1,172,968

1,424,672

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,344,167

2,588,864

CREDITORS

Amounts falling due after more than one
year

(197,742

)

(505,214

)

PROVISIONS FOR LIABILITIES

(80,896

)

(79,154

)

NET ASSETS

2,065,529

2,004,496

CAPITAL AND RESERVES

Called up share capital

3

900

Profit and loss account

2,064,629

2,003,596

SHAREHOLDERS' FUNDS

2,065,529

2,004,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 March 2016 and were signed on its behalf by:

C M Bolton - Director

S N Bolton - 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 April 2008).

Turnover

Turnover is the amount derived from ordinary activities and is stated after trade discounts, other sales taxes and

VAT.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

1,561,515

Additions

85,053

Disposals

(11,250

)

At 31 July 2015

1,635,318

DEPRECIATION

At 1 August 2014

397,323

Charge for year

76,055

Eliminated on disposal

(9,259

)

At 31 July 2015

464,119

NET BOOK VALUE

At 31 July 2015

1,171,199

At 31 July 2014

1,164,192

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

900

Ordinary

£1

900

SNB Electronic Services Limited - Limited company - abbreviated - 11.9

SNB Electronic Services Limited - Limited company - abbreviated - 11.9