Company Registration No. 03038189 (England and Wales)
SECTOR CONTRACTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
SECTOR CONTRACTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SECTOR CONTRACTS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
30
45
Current assets
Debtors
4,325
3,527
Cash at bank and in hand
86,920
114,635
91,245
118,162
Creditors: amounts falling due within one year
(5,323)
(5,081)
Net current assets
85,922
113,081
Total assets less current liabilities
85,952
113,126
Capital and reserves
Called up share capital
3
96
96
Profit and loss account
85,856
113,030
Shareholders' funds
85,952
113,126
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 February 2017
Mr D Clarke
Director
Company Registration No. 03038189
SECTOR CONTRACTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
669
Depreciation
At 1 July 2015
624
Charge for the year
15
At 30 June 2016
639
Net book value
At 30 June 2016
30
At 30 June 2015
45
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
48 Ordinary 'A' shares of £1 each
48
48
48 Ordinary 'B' shares of £1 each
48
48
96
96
The Ordinary 'A' and Ordinary 'B' shares rank pari passu in all respects, save that the directors are entitled to vote and declare dividends to any one or more of the share categories seperately.
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