Squeegee Design Limited - Period Ending 2016-03-31

Squeegee Design Limited - Period Ending 2016-03-31


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Registration number: 6483049

Squeegee Design Limited
 

 
Unaudited Abbreviated Accounts
 

 
for the year ended 31 March 2016
 

HPH
Chartered Accountants
54 Bootham
York
YO30 7XZ

 

Squeegee Design Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

Squeegee Design Limited
(Registration number: 6483049)
Abbreviated Balance Sheet - UNAUDITED - at 31 March 2016

 

Note

   

2016
£

   

2015
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

2

   

495

   

309

 

Investments

 

   

-

   

181

 

 

   

495

   

490

 

Current assets

 

   

   

 

Debtors

 

   

10,749

   

13,792

 

Cash at bank and in hand

 

   

1,911

   

5,105

 

 

   

12,660

   

18,897

 

Creditors: Amounts falling due within one year

 

   

(19,801)

   

(19,278)

 

Net current liabilities

 

   

(7,141)

   

(381)

 

Total assets less current liabilities

 

   

(6,646)

   

109

 

Provisions for liabilities

 

   

(37)

   

-

 

Net (liabilities)/assets

 

   

6,683)

   

£109

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

(6,783)

   

9

 

Shareholders' (deficit)/funds

 

   

6,683)

   

£109

 

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

Squeegee Design Limited
(Registration number: 6483049)
Abbreviated Balance Sheet - UNAUDITED - at 31 March 2016
......... continued

For the year ending 31 March 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board on 21 December 2016 and signed on its behalf by:

.........................................
Mr T P Bradbury
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Squeegee Design Limited
Notes to the Abbreviated Accounts - UNAUDITED - for the Year Ended 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The balance sheet shows net liabilities of £6,683, however, the company has cash resources and the directors have access to further funds if required, so the company has no requirement for external funding. The directors have a reasonable expectation that the company has access to adequate resources to continue in operational existence for the forseeable future. They continue to believe that the going concern basis of accounting is appropriate in preparing the annual financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of web design and development services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Computer equipment

33.33% straight line

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Squeegee Design Limited
Notes to the Abbreviated Accounts - UNAUDITED - for the Year Ended 31 March 2016
......... continued

2

Fixed assets

 

Tangible assets
£

   

Investments
£

   

Total
£

 

Cost

 

   

   

 

At 1 April 2015

 

8,598

   

181

   

8,779

 

Additions

 

741

   

-

   

741

 

Disposals

 

-

   

(181)

   

(181)

 

At 31 March 2016

 

9,339

   

-

   

9,339

 

Depreciation

 

   

   

 

At 1 April 2015

 

8,289

   

-

   

8,289

 

Charge for the year

 

555

   

-

   

555

 

At 31 March 2016

 

8,844

   

-

   

8,844

 

Net book value

 

   

   

 

At 31 March 2016

 

£495

   

-

   

£495

 

At 31 March 2015

 

£309

   

£181

   

£490

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

 

No.

£

No.

£

Ordinary shares of £1.00 each

100

£100

100

£100