Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

SASIM CONSULTING LIMITED - Company Information

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SASIM CONSULTING LIMITED

Company Registration Number:
07421462 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

SASIM CONSULTING LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 994
Total fixed assets: 994 0
Current assets
Debtors: 3 266,359 390,862
Cash at bank and in hand: 88,920 45,655
Total current assets: 355,279 436,517
Creditors: amounts falling due within one year: 4 ( 11,954 ) ( 10,931 )
Net current assets (liabilities): 343,325 425,586
Total assets less current liabilities: 344,319 425,586
Total net assets (liabilities): 344,319 425,586

The notes form part of these financial statements

SASIM CONSULTING LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 10,000 10,000
Profit and loss account: 334,319 415,586
Shareholders funds: 344,319 425,586

For the year ending 31 March 2016 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 29 December 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Simon J North
Status: Director

The notes form part of these financial statements

SASIM CONSULTING LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are 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 for goods and services net of trade discounts and including VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided on a straight line basis to write down assets to their estimated residual values over their expected useful lives. The principal annual rates used are:
    Computer Equipment and software - 2 Years

SASIM CONSULTING LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 0
    Additions: 1,988
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 1,988
    Depreciation
    01 April 2015: 0
    Charge for year: 994
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 994
    Net book value
    31 March 2016: 994
    31 March 2015: 0

SASIM CONSULTING LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Prepayments and accrued income: 91,359 215,862
    Other debtors: 175,000 175,000
    Total: 266,359 390,862

    Other debtors include an investment in STJ Advisors LLP of £175,000 (2015:£175,000). Sasim Consulting Limited is a member of STJ Advisors LLP.

SASIM CONSULTING LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Accruals and deferred income: 4,093 3,070
    Other creditors: 7,861 7,861
    Total: 11,954 10,931

    Other creditors include amounts due to directors of £7,861 (2015:£7,861).

SASIM CONSULTING LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10,000 1.00 10,000
    Preference shares: 0
    Total share capital (£): 10,000
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10,000 1.00 10,000
    Preference shares: 0
    Total share capital (£): 10,000

SASIM CONSULTING LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 6. Related party disclosures

    Name of the ultimate controlling party during the period: Mr and Mrs North
    Name of related party: Simon J North
    Relationship: Director
    Description of the transaction Amounts due to the directors
    Balance at 01 April 2015 3,856
    Balance at 31 March 2016 3,856
    Name of related party: Sabiha S North
    Relationship: Director
    Description of the transaction Amounts due to the directors
    Balance at 01 April 2015 4,005
    Balance at 31 March 2016 4,005