Stafford Computer Technology Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 02710488 (England and Wales)

STAFFORD COMPUTER TECHNOLOGY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I H Roberts

B M Roberts

REGISTERED OFFICE:

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

REGISTERED NUMBER:

02710488 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

4,433

3,496

CURRENT ASSETS

Debtors

5

512,052

431,586

Cash at bank and in hand

39,678

37,326

551,730

468,912

CREDITORS

Amounts falling due within one year

6

432,221

420,900

NET CURRENT ASSETS

119,509

48,012

TOTAL ASSETS LESS CURRENT LIABILITIES

123,942

51,508

PROVISIONS FOR LIABILITIES

702

-

NET ASSETS

123,240

51,508

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

123,140

51,408

SHAREHOLDERS' FUNDS

123,240

51,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7th April 2017 and were signed on its behalf by:

B M Roberts - Director

1.	STATUTORY INFORMATION

Stafford Computer Technology Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st January 2016

9,019

50,553

59,572

Additions

-

1,898

1,898

At 31st December 2016

9,019

52,451

61,470

DEPRECIATION

At 1st January 2016

8,963

47,113

56,076

Charge for year

14

947

961

At 31st December 2016

8,977

48,060

57,037

NET BOOK VALUE

At 31st December 2016

42

4,391

4,433

At 31st December 2015

56

3,440

3,496

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

4,317

(1,777

)

Amounts owed by group undertakings

482,462

410,402

Other debtors

13,250

13,250

VAT

3,194

-

Prepayments and accrued income

8,829

9,711

512,052

431,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

2

2

Trade creditors

6,247

10,582

Amounts owed to group undertakings

344,542

314,396

Social security and other taxes

11,623

8,585

Pension fund

541

-

VAT

-

17,270

Directors' current accounts

34,500

50,000

Accruals and deferred income

34,766

20,065

432,221

420,900

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1st January 2016

51,408

Profit for the year

71,732

At 31st December 2016

123,140

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE PARENT COMPANY