Abbreviated Company Accounts - SERVICE NETWORK (N.E.) LIMITED

SERVICE NETWORK (N.E.) LIMITED - Company Information

Registered Number 03711481

SERVICE NETWORK (N.E.) LIMITED

Abbreviated Accounts

30 September 2015

SERVICE NETWORK (N.E.) LIMITED Registered Number 03711481

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	3	-	1
		-	1
Current assets
Debtors		4,978	22,871
Cash at bank and in hand		10,131	13,611
		15,109	36,482
Creditors: amounts falling due within one year		(5,730)	(11,899)
Net current assets (liabilities)		9,379	24,583
Total assets less current liabilities		9,379	24,584
Total net assets (liabilities)		9,379	24,584
Reserves
Income and expenditure account		9,379	24,584
Members' funds		9,379	24,584

For the year ending 30 September 2015 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.

Approved by the Board on 25 July 2016

And signed on their behalf by:
Neil Warwick, Director

SERVICE NETWORK (N.E.) LIMITED Registered Number 03711481

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable by the company from grant applications, membership fees and services provided, exclusive of VAT.
In respect of long term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of
long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Plant and machinery 33% / 10% on cost

Other accounting policies
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.

Government grants
Grants from government agencies and similar bodies are recognised in the same period the expenditure and activity occur. Grants received but not yet credited to operating profit are accounted for within accruals and deferred income.

Investments
The company reflects the investment in its wholly owned subsidiary at cost.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Fixed assets Investments
The company's investment, at 30th September 2014 represents the entire share capital of Knowledge Intensive Business Services Limited, a dormant company registered in England and Wales. The company was removed from the register on 8th March 2016.