ACCOUNTS - Final Accounts

SHARE CAPITAL

SHARES CLASSIFIED AS EQUITY

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2016-04-01 09466866 2016-04-01 2017-03-31 09466866 2015-04-01 2016-03-31 09466866 2017-03-31 09466866 2016-03-31 09466866 c:Director1 2016-04-01 2017-03-31 09466866 d:CurrentFinancialInstruments 2017-03-31 09466866 d:CurrentFinancialInstruments 2016-03-31 09466866 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 09466866 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 09466866 d:ShareCapital 2017-03-31 09466866 d:ShareCapital 2016-03-31 09466866 d:RetainedEarningsAccumulatedLosses 2017-03-31 09466866 d:RetainedEarningsAccumulatedLosses 2016-03-31 09466866 c:OrdinaryShareClass1 2016-04-01 2017-03-31 09466866 c:OrdinaryShareClass1 2017-03-31 09466866 c:FRS102 2016-04-01 2017-03-31 09466866 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 09466866 c:FullAccounts 2016-04-01 2017-03-31 09466866 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09466866

YASM4 LTD
T/A SUTHERLAND TECHNIK

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2017

YASM4 LTD T/A SUTHERLAND TECHNIK

REGISTERED NUMBER:09466866

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2017

		2017		2016
Note		£		£


CURRENT ASSETS
Stocks		3,400		3,859
Debtors: amounts falling due within one year	4	11,521		3,392
Bank and cash balances		3,890		1,620
		18,811		8,871
Creditors: amounts falling due within one year	5	(103,918)		(21,354)
NET CURRENT LIABILITIES			(85,107)		(12,483)
TOTAL ASSETS LESS CURRENT LIABILITIES			(85,107)		(12,483)

NET LIABILITIES			(85,107)		(12,483)

CAPITAL AND RESERVES
Called up share capital	6	10	10
Profit and loss account		(85,117)	(12,493)
		(85,107)	(12,483)

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr O J Sutherland

Director

Date: 22 December 2017

The notes on form part of these financial statements.

YASM4 LTD T/A SUTHERLAND TECHNIK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	GENERAL INFORMATION

YASM4 Limited is a private limited company, limited by shares, incorporated and registered in England within the United Kingdom. The registered office is 16 Queen Square, Bristol, BS1 4NT and the registered number is 09466866.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Information regarding the adoption of FRS102 is detailed in note 8.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

At the balance sheet date the company had net liabilities of £85,107. The directors have considered the ability to continue as a going concern and believe this to be an appropriate basis on which to prepare accounts as the directors intend to continue to support the company for the foreseeable future.

2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

YASM4 LTD T/A SUTHERLAND TECHNIK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

2.ACCOUNTING POLICIES (continued)

2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted averagebasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

2.7

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

The company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 April 2015 to continue to be charged over the period to the first market rent review rather than the term of the lease.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2016:1).

DEBTORS

YASM4 LTD T/A SUTHERLAND TECHNIK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

					2017	2016
					£	£


Trade debtors	9,397	2,536
Other debtors	2,124	-
Prepayments and accrued income	-	856
	11,521	3,392

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2017	2016
		£	£

Trade creditors	23,146	19,294
Amounts owed to other participating interests	57,541	-
Other taxation and social security	-	545
Other creditors	3,481	15
Accruals and deferred income	19,750	1,500
	103,918	21,354

ALLOTTED, CALLED UP AND FULLY PAID

10 Ordinary shares of £1 each	10	10

7.	RELATED PARTY TRANSACTIONS
	At the year end, the company owed the Director £Nil (2016: £15).

8.	FIRST TIME ADOPTION OF FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.