Satelles Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04032950 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

SATELLES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I W Harbottle

W J Harbottle

Mrs M Harbottle

SECRETARY:

Cassidys Secretarial Services Limited

REGISTERED OFFICE:

South Stour Offices

Roman Road

Mersham

Ashford

Kent

TN25 7HS

REGISTERED NUMBER:

04032950 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

Roman Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

949

1,417

949

1,417

CURRENT ASSETS

Debtors

20

3,437

Cash at bank

168

167

188

3,604

CREDITORS

Amounts falling due within one year

4

19,666

14,309

NET CURRENT LIABILITIES

(19,478

)

(10,705

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,529

)

(9,288

)

CREDITORS

Amounts falling due after more than one year

4

454

3,077

NET LIABILITIES

(18,983

)

(12,365

)

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

(19,083

)

(12,465

)

SHAREHOLDERS' FUNDS

(18,983

)

(12,365

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Board of Directors on 28 April 2017 and were signed on its behalf by:

I W Harbottle - 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 services, 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

-

33% on cost

Deferred tax

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

sheet date.

Going concern

During the year the company incurred a loss of £6,618 (2015 - £12,786) and as at the balance sheet date had net

liabilities of £18,983 (2015 - £12,365). These financial statements have been prepared on a going concern basis

which assumes continuing support from the company's creditors.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

13,000

AMORTISATION

At 1 August 2015

and 31 July 2016

13,000

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

20,615

Additions

1,223

At 31 July 2016

21,838

DEPRECIATION

At 1 August 2015

19,198

Charge for year

1,691

At 31 July 2016

20,889

NET BOOK VALUE

At 31 July 2016

949

At 31 July 2015

1,417

4.

CREDITORS

Creditors include an amount of £ 3,077 (31.7.15 - £ 5,530 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

£1

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2016 and 31 July 2015:

31.7.16

31.7.15

£

I W Harbottle

Balance outstanding at start of year

80

6,780

Amounts advanced

-

80

Amounts repaid

(80

)

(6,780

)

Balance outstanding at end of year

-

80

7.	ULTIMATE CONTROLLING PARTY

The controlling party is I W Harbottle.