Signassist Limited Small abbreviated accounts

Signassist Limited Small abbreviated accounts


FY Private Limited Company Company accounts 2016-09-27 2016-09-27 false true false false false false false false false false false false true true 2015-01-01 true xbrli:pure xbrli:shares iso4217:GBP 05003055 2015-01-01 2015-12-31 05003055 2015-12-31 05003055 2014-12-31 05003055 2014-12-31 05003055 uk-gaap:FixturesFittings 2015-01-01 2015-12-31 05003055 uk-gaap:MotorVehicles 2015-01-01 2015-12-31 05003055 uk-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 05003055 uk-bus:Director1 2015-01-01 2015-12-31 05003055 uk-gaap:AllSubsidiaries 2015-01-01 2015-12-31 05003055 uk-bus:OrdinaryShareClass1 2015-12-31 05003055 uk-bus:OrdinaryShareClass1 2014-12-31 05003055 uk-lang:English 2015-01-01 2015-12-31 05003055 uk-curr:PoundSterling 2015-01-01 2015-12-31
COMPANY REGISTRATION NUMBER 05003055
SIGNASSIST LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
31 December 2015
SIGNASSIST LIMITED
ABBREVIATED BALANCE SHEET
31 December 2015
2015
2014
Note
£
£
£
£
FIXED ASSETS
2
Tangible assets
27,701
35,975
CURRENT ASSETS
Stocks
650
650
Debtors
5,480
2,678
Cash at bank and in hand
79,603
94,255
---------
---------
85,733
97,583
CREDITORS: Amounts falling due within one year
3
81,108
60,776
---------
---------
NET CURRENT ASSETS
4,625
36,807
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
32,326
72,782
CREDITORS: Amounts falling due after more than one year
4
1,850
3,868
PROVISIONS FOR LIABILITIES
5,540
7,195
---------
---------
24,936
61,719
---------
---------
CAPITAL AND RESERVES
Called up equity share capital
5
10
10
Profit and loss account
24,926
61,709
---------
---------
SHAREHOLDERS' FUNDS
24,936
61,719
---------
---------
For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on 26 September 2016 .
P. Bottomley
Company Registration Number: 05003055
SIGNASSIST LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 DECEMBER 2015
1. ACCOUNTING POLICIES
(a) Basis of accounting
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).
(b) Turnover
The turnover shown in the profit and loss account represents the invoice value of goods supplied and services provided during the year, exclusive of Value Added Tax.
(c) Fixed assets
All fixed assets are initially recorded at cost.
(d) Depreciation
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 & Equipment-10% per annum reducing balance
Motor Vehicles-25% per annum reducing balance
(e) Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
(f) Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
(g) Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
2. FIXED ASSETS
Tangible Assets
£
COST
At 1 January 2015 and 31 December 2015
52,197
---------
DEPRECIATION
At 1 January 2015
16,222
Charge for year
8,274
---------
At 31 December 2015
24,496
---------
NET BOOK VALUE
At 31 December 2015
27,701
---------
At 31 December 2014
35,975
---------
3. CREDITORS: Amounts falling due within one year
The following liabilities disclosed under creditors falling due within one year are secured by the company:
2015
2014
£
£
Hire purchase agreements
2,018
2,018
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-------
4. CREDITORS: Amounts falling due after more than one year
The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
2015
2014
£
£
Hire purchase agreements
1,850
3,868
-------
-------
5. SHARE CAPITAL
Allotted, called up and fully paid:
2015
2014
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
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