Swanky Software Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07018987 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

SWANKY SOFTWARE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr. A. A. Major

REGISTERED OFFICE:

54 Woodstock Road

SHEFFIELD

S7 1HB

REGISTERED NUMBER:

07018987 (England and Wales)

ACCOUNTANTS:

Smethurst and Buckton Ltd

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

HSBC Bank plc

55 Victoria Street

GRIMSBY

DN31 1UX

FIXED ASSETS

Tangible assets

2

813

1,080

CURRENT ASSETS

Debtors

3,119

6,850

Cash at bank

22,126

15,902

25,245

22,752

CREDITORS

Amounts falling due within one year

22,684

4,233

NET CURRENT ASSETS

2,561

18,519

TOTAL ASSETS LESS CURRENT LIABILITIES

3,374

19,599

PROVISIONS FOR LIABILITIES

163

216

NET ASSETS

3,211

19,383

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,111

19,283

SHAREHOLDERS' FUNDS

3,211

19,383

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

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

The director acknowledges his 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 director on 19 December 2016 and were signed by:

Mr. A. A. Major - 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 goods, 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.

Fixtures and fittings

-

20% Straight Line

Computer equipment

-

25% Straight Line

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

5,597

Additions

257

At 31 March 2016

5,854

DEPRECIATION

At 1 April 2015

4,517

Charge for year

524

At 31 March 2016

5,041

NET BOOK VALUE

At 31 March 2016

813

At 31 March 2015

1,080

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100