Abbreviated Company Accounts - S4 FINANCIAL LIMITED

Abbreviated Company Accounts - S4 FINANCIAL LIMITED

S4 FINANCIAL LIMITED - Company Information

Print Friendly Version

Registered Number 05089919

S4 FINANCIAL LIMITED

Abbreviated Accounts

31 July 2016

S4 FINANCIAL LIMITED Registered Number 05089919

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,434 10,007
Investments 3 49,296 49,296
55,730 59,303
Current assets
Debtors 656,247 462,135
Cash at bank and in hand 11 47
656,258 462,182
Prepayments and accrued income 221,178 166,158
Creditors: amounts falling due within one year (389,580) (433,653)
Net current assets (liabilities) 487,856 194,687
Total assets less current liabilities 543,586 253,990
Provisions for liabilities (80,683) -
Accruals and deferred income (32,506) (20,445)
Total net assets (liabilities) 430,397 233,545
Capital and reserves
Called up share capital 58,668 58,668
Share premium account 376,947 341,948
Profit and loss account (5,218) (167,071)
Shareholders' funds 430,397 233,545
  • For the year ending 31 July 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.

Approved by the Board on 31 March 2017

And signed on their behalf by:
T McKechnie, Director
S Vallery, Director

S4 FINANCIAL LIMITED Registered Number 05089919

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts receivable for services provided during the year. Turnover is not recognised until the service has been provided to the client and a right to consideration has been established.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery - 3 years straight line
Leasehold improvements - 3 years straight line

Other accounting policies
Operating Lease Agreements - Rental applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension Costs - The company operates a defined contribution pension scheme for employees, the assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

2Tangible fixed assets
£
Cost
At 1 August 2015 69,512
Additions 1,670
Disposals -
Revaluations -
Transfers -
At 31 July 2016 71,182
Depreciation
At 1 August 2015 59,505
Charge for the year 5,243
On disposals -
At 31 July 2016 64,748
Net book values
At 31 July 2016 6,434
At 31 July 2015 10,007

3Fixed assets Investments
No movement within the year

4Transactions with directors

Name of director receiving advance or credit: T J McKechnie
Description of the transaction: Loan
Balance at 1 August 2015: £ 247,661
Advances or credits made: £ 100,264
Advances or credits repaid: £ 1,252
Balance at 31 July 2016: £ 346,673
Name of director receiving advance or credit: S J Vallery
Description of the transaction: Loan
Balance at 1 August 2015: £ 147,568
Advances or credits made: £ 113,246
Advances or credits repaid: -
Balance at 31 July 2016: £ 260,814