SDS Tech Solutions Limited - Accounts

SDS Tech Solutions Limited - Accounts

SDS TECH SOLUTIONS LIMITED - Company Information

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Registered Number: 07980134
England and Wales

 

 

 

SDS TECH SOLUTIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

SDS Tech Solutions Limited
Contents Page
For the year ended 31 March 2020
Report to the directors on the preparation of the unaudited statutory accounts of SDS Tech Solutions Limited for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SDS Tech Solutions Limited for the year ended 31 March 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of SDS Tech Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 14 August 2020 Our work has been undertaken solely to prepare for your approval the accounts of SDS Tech Solutions Limited and state those matters that we have agreed to state to the Board of Directors of SDS Tech Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SDS Tech Solutions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SDS Tech Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SDS Tech Solutions Limited. You consider that SDS Tech Solutions Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of SDS Tech Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2020



....................................................
Varia Associates
7 Highfield Crescent
Northwood Middlesex
HA6 1EZ
14 August 2020
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 4,677    2,920 
4,677    2,920 
Current assets      
Investments 201,680    200,000 
Cash at bank and in hand 55,440    60,034 
257,120    260,034 
Creditors: amount falling due within one year (40,745)   (41,421)
Net current assets 216,375    218,613 
 
Total assets less current liabilities 221,052    221,533 
Net assets 221,052    221,533 
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 221,051    221,532 
Shareholders funds 221,052    221,533 
 


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 14 August 2020 and were signed by:


--------------------------------
Mrs D Shah
Director
2
General Information
SDS Tech Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 07980134, registration address 64 Ladycroft Walk, Stanmore, Middlesex, HA7 1PE

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Tangible fixed assets

Cost Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2019 2,659    2,217    -    4,876 
Additions -    950    1,800    2,750 
Disposals -    -    -    - 
At 31 March 2020 2,659    3,167    1,800    7,626 
Depreciation
At 01 April 2019 1,698    258    -    1,956 
Charge for year 350    283    360    993 
On disposals -    -    -    - 
At 31 March 2020 2,048    541    360    2,949 
Net book values
Closing balance as at 31 March 2020 611    2,626    1,440    4,677 
Opening balance as at 01 April 2019 961    1,959    -    2,920 


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