Sitoc Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05278300 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SITOC LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G M Urtel

REGISTERED OFFICE:

21-23 Croydon Road

Caterham

Surrey

CR3 6PA

REGISTERED NUMBER:

05278300 (England and Wales)

ACCOUNTANTS:

Upton Neenan Lees

Chartered Accountants

21-23 Croydon Road

Caterham

Surrey

CR3 6PA

FIXED ASSETS

Tangible assets

2

36,041

39,994

CURRENT ASSETS

Debtors

359,180

380,514

Cash at bank

47,327

26,463

406,507

406,977

CREDITORS

Amounts falling due within one year

(387,532

)

(395,663

)

NET CURRENT ASSETS

18,975

11,314

TOTAL ASSETS LESS CURRENT
LIABILITIES

55,016

51,308

PROVISIONS FOR LIABILITIES

(5,767

)

(6,240

)

NET ASSETS

49,249

45,068

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

49,246

45,065

SHAREHOLDERS' FUNDS

49,249

45,068

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 30 September 2016 and were signed by:

G M Urtel - 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.

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 reducing balance

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 January 2015

195,392

Additions

8,061

At 31 December 2015

203,453

DEPRECIATION

At 1 January 2015

155,398

Charge for year

12,014

At 31 December 2015

167,412

NET BOOK VALUE

At 31 December 2015

36,041

At 31 December 2014

39,994

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

3

Ordinary

£1

3