Abbreviated Company Accounts - SANDTABLE LIMITED

05338372 SANDTABLE LIMITED 2014-07-31 false 2014-01-01 2014-07-31 true 05338372 2014-01-01 2014-07-31 05338372 2014-07-31 05338372 2013-12-31 05338372 uk-gaap-cd-bus:Director1 2014-01-01 2014-07-31 05338372 uk-gaap-cd-bus:Director2 2014-01-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-01-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-12-31 iso4217:GBP shares

Registered Number 05338372

SANDTABLE LIMITED

Abbreviated Accounts

31 July 2014

SANDTABLE LIMITED Registered Number 05338372

Abbreviated Balance Sheet as at 31 July 2014

	Notes	31/07/2014	31/12/2013
		£	£
Fixed assets
Tangible assets	2	5,695	5,122
		5,695	5,122
Current assets
Debtors		37,202	19,748
Cash at bank and in hand		497,769	999
		534,971	20,747
Creditors: amounts falling due within one year		(78,446)	(197,722)
Net current assets (liabilities)		456,525	(176,975)
Total assets less current liabilities		462,220	(171,853)
Creditors: amounts falling due after more than one year		(705,875)	(10,001)
Total net assets (liabilities)		(243,655)	(181,854)
Capital and reserves
Called up share capital	3	1,053	1,053
Share premium account		13,331	13,331
Profit and loss account		(258,039)	(196,238)
Shareholders' funds		(243,655)	(181,854)

For the year ending 31 July 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 25 March 2015

And signed on their behalf by:
A J Skates, Director

SANDTABLE LIMITED Registered Number 05338372

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Computer Equipment 50% straight line
Office Equipment 25% straight line

Other accounting policies
Going Concern
The accounts have been prepared on the going concern basis. There was a net deficiency of assets of £243,655 as at the balance sheet date. The directors and shareholders have confirmed their continuing support and consider that the company retains sufficient working capital to continue trading for the foreseeable future.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 January 2014	19,165
Additions	2,128
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	21,293
Depreciation
At 1 January 2014	14,043
Charge for the year	1,555
On disposals	-
At 31 July 2014	15,598
Net book values
At 31 July 2014	5,695
At 31 December 2013	5,122

3Called Up Share Capital
Allotted, called up and fully paid:

	31/07/2014 £	31/12/2013 £
0 Ordinary shares of £1 each (1,053 shares for 31/12/2013)	0	1,053
1,053 A Ordinary shares of £0.50 each (0 shares for 31/12/2013)	527	0
1,053 B Ordinary shares of £0.50 each (0 shares for 31/12/2013)	527	0