SQUARE_BOX_SYSTEMS_LIMITE - Accounts

SQUARE BOX SYSTEMS LIMITED - Company Information

Print Friendly Version

Company Registration No. 03819556 (England and Wales)

SQUARE BOX SYSTEMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

SQUARE BOX SYSTEMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SQUARE BOX SYSTEMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

7,015

2,108

Current assets

Debtors

547,947

510,061

Cash at bank and in hand

409,313

610,224

957,260

1,120,285

Creditors: amounts falling due within one year

(339,690)

(188,291)

Net current assets

617,570

931,994

Total assets less current liabilities

624,585

934,102

Capital and reserves

Called up share capital

100

Profit and loss account

624,485

934,002

Shareholders' funds

624,585

934,102

For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 May 2015

Mr R Howarth

Director

Company Registration No. 03819556

SQUARE BOX SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

50% and 20% straight line

1.4

Foreign currency translation

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

Fixed assets

Tangible assets

Cost

At 1 September 2013

18,925

Additions

12,464

At 31 August 2014

31,389

Depreciation

At 1 September 2013

16,817

Charge for the year

7,557

At 31 August 2014

24,374

Net book value

At 31 August 2014

7,015

At 31 August 2013

2,108

SQUARE BOX SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100