Sywell Projects Limited - Accounts to registrar - small 17.2

Sywell Projects Limited - Accounts to registrar - small 17.2

SYWELL PROJECTS LIMITED - Company Information

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IRIS Accounts Production v17.2.0.336 07879434 H F Barney Board of Directors S T Bateman Board of Directors N C Paske (AMM) Board of Directors 1.1.16 31.12.16 31.12.16 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078794342015-12-31078794342016-12-31078794342016-01-012016-12-31078794342014-12-31078794342015-01-012015-12-31078794342015-12-3107879434ns15:EnglandWales2016-01-012016-12-3107879434ns14:PoundSterling2016-01-012016-12-3107879434ns10:Director12016-01-012016-12-3107879434ns10:Director22016-01-012016-12-3107879434ns10:Director32016-01-012016-12-3107879434ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3107879434ns10:SmallEntities2016-01-012016-12-3107879434ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3107879434ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3107879434ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3107879434ns10:FullAccounts2016-01-012016-12-3107879434ns10:RegisteredOffice2016-01-012016-12-3107879434ns5:CurrentFinancialInstruments2016-12-3107879434ns5:CurrentFinancialInstruments2015-12-3107879434ns5:ShareCapital2016-12-3107879434ns5:ShareCapital2015-12-3107879434ns5:RetainedEarningsAccumulatedLosses2016-12-3107879434ns5:RetainedEarningsAccumulatedLosses2015-12-3107879434ns5:CostValuation2015-12-3107879434ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3107879434ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31


REGISTERED NUMBER: 07879434 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

SYWELL PROJECTS LIMITED

SYWELL PROJECTS LIMITED (REGISTERED NUMBER: 07879434)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SYWELL PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: H F Barney
S T Bateman
N C Paske (AMM)



REGISTERED OFFICE: 4 Melbourne House
Corbygate Business Park
Priors Haw Road
Corby
Northamptonshire
NN17 5JG



REGISTERED NUMBER: 07879434 (England and Wales)



ACCOUNTANTS: DNG Dove Naish
Chartered Accountants
Eagle House
28 Billing Road
Northampton
NN1 5AJ



BANKERS: National Westminster Bank Plc
41 The Drapery
Northampton
NN1 2EY
Page 1
SYWELL PROJECTS LIMITED (REGISTERED NUMBER: 07879434)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investments 3 3 3

CURRENT ASSETS
Debtors 4 59,280 143,351
Cash at bank 19,733 65,819
79,013 209,170
CREDITORS
Amounts falling due within one year 5 1,600 17,967
NET CURRENT ASSETS 77,413 191,203
TOTAL ASSETS LESS CURRENT
LIABILITIES
77,416
191,206

CAPITAL AND RESERVES
Called up share capital 21 21
Retained earnings 77,395 191,185
SHAREHOLDERS' FUNDS 77,416 191,206

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 6 July 2017 and were signed on its
behalf by:



H F Barney - Director S T Bateman - Director



N C Paske (AMM) - Director


The notes form part of these financial statements

Page 2
SYWELL PROJECTS LIMITED (REGISTERED NUMBER: 07879434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Sywell Projects 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.

This is the first year in which the financial statements have been prepared under FRS 102 (1A). Refer
to notes for an explanation of the transition.

Preparation of consolidated financial statements
The financial statements contain information about Sywell Projects Limited as an individual company
and do not contain consolidated financial information as the parent of a group. The company has taken
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial
statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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 have been
enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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.

Page 3 continued...
SYWELL PROJECTS LIMITED (REGISTERED NUMBER: 07879434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term
deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the statement of
comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a
similar debt instrument, those financial instruments are classed as financial liabilities. Financial
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to
financial liabilities are included in the profit and loss account. Finance costs are calculated so as to
produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions relating to
equity instruments are debited direct to equity.

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2016
and 31 December 2016 3
NET BOOK VALUE
At 31 December 2016 3
At 31 December 2015 3

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors - 78,000
Amounts owed by group undertakings 59,062 65,351
Other debtors 218 -
59,280 143,351

Page 4 continued...
SYWELL PROJECTS LIMITED (REGISTERED NUMBER: 07879434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 15 -
Amounts owed to group undertakings - 2,902
Taxation and social security - 13,335
Other creditors 1,585 1,730
1,600 17,967

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

7. FIRST YEAR ADOPTION

This is the first year in which the financial statements have been produced under FRS 102 (1A). There
have been no adjustments to the reported profit for the year or the opening and closing shareholders'
funds as a result of the transition.

Page 5