Abbreviated Company Accounts - SPECIALLY EQUIPPED SYSTEMS LTD

Abbreviated Company Accounts - SPECIALLY EQUIPPED SYSTEMS LTD

SPECIALLY EQUIPPED SYSTEMS LTD - Company Information

Print Friendly Version

Registered Number 04687130

SPECIALLY EQUIPPED SYSTEMS LTD

Abbreviated Accounts

30 June 2014

SPECIALLY EQUIPPED SYSTEMS LTD Registered Number 04687130

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 5,239 2,601
5,239 2,601
Current assets
Debtors 70,157 40,963
Cash at bank and in hand 183,572 139,381
253,729 180,344
Creditors: amounts falling due within one year (52,981) (45,247)
Net current assets (liabilities) 200,748 135,097
Total assets less current liabilities 205,987 137,698
Total net assets (liabilities) 205,987 137,698
Capital and reserves
Called up share capital 2 2
Profit and loss account 205,985 137,696
Shareholders' funds 205,987 137,698
  • For the year ending 30 June 2014 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 2 March 2015

And signed on their behalf by:
Mr G Sims, Director

SPECIALLY EQUIPPED SYSTEMS LTD Registered Number 04687130

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared in accordance with the special provisions
relating to small companies within Part 15 of the Companies Act 2006 and with
the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover is the total amount receivable by the company in the ordinary course of
business from outside customers, for services provided and any goods supplied,
excluding VAT. The turnover and operating costs are attributable to the principal
activity of the business being that of an computer programming,
software writing, systems analysis and computer engineering.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated
on the reducing balance method and aims to write down cost less estimated residual
value of all tangible fixed assets over their expected useful lives. The rates are as
follows:-

Equipment 15 %

2Tangible fixed assets
£
Cost
At 1 July 2013 5,385
Additions 3,226
Disposals -
Revaluations -
Transfers -
At 30 June 2014 8,611
Depreciation
At 1 July 2013 2,784
Charge for the year 588
On disposals -
At 30 June 2014 3,372
Net book values
At 30 June 2014 5,239
At 30 June 2013 2,601