Suiko Limited - Limited company - abbreviated

REGISTERED NUMBER: 03363376 (England and Wales)

Suiko Limited

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A D Marsh

P J Austin

R C C Lyle

SECRETARY:

Mrs S E Kelly

REGISTERED OFFICE:

Bath Brewery

Toll Bridge Road

Bath

Somerset

BA1 7DE

REGISTERED NUMBER:

03363376 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

National Westminster Bank plc

40 Queens Road

Clifton

Bristol

BS99 5AD

FIXED ASSETS

Tangible assets

2

23,111

23,480

CURRENT ASSETS

Debtors

976,572

650,309

Cash at bank and in hand

480,534

480,944

1,457,106

1,131,253

CREDITORS

Amounts falling due within one year

691,195

557,953

NET CURRENT ASSETS

765,911

573,300

TOTAL ASSETS LESS CURRENT
LIABILITIES

789,022

596,780

PROVISIONS FOR LIABILITIES

4,379

4,389

NET ASSETS

784,643

592,391

CAPITAL AND RESERVES

Called up share capital

3

1,150

Share premium

2,400

Capital redemption reserve

30

Profit and loss account

781,063

588,811

SHAREHOLDERS' FUNDS

784,643

592,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 July 2015 and were signed on its behalf by:

A D Marsh - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards and estimation

techniques.

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

73,770

Additions

7,485

Disposals

(851

)

At 30 April 2015

80,404

DEPRECIATION

At 1 May 2014

50,290

Charge for year

7,703

Eliminated on disposal

(700

)

At 30 April 2015

57,293

NET BOOK VALUE

At 30 April 2015

23,111

At 30 April 2014

23,480

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

115,000

Ordinary

1p

1,150

Under the approved Enterprise Management Incentive scheme and in accordance with the Rules of the Suiko

Limited 2001 Share Option Scheme, an employee holds options to subscribe for shares in the Company at an

exercise price agreed when the options were granted.

As at 30th April 2014 there were 7,500 share options outstanding at an exercise price of £2.60 per share.

During the current year 27,857 Ordinary share options were granted at an exercise price of £2.15 per share.

As at 30th April 2015 there are 35,357 Ordinary share options outstanding at exercise prices of £2.60 and £2.15

per share.

Suiko Limited - Limited company - abbreviated - 11.6

Suiko Limited - Limited company - abbreviated - 11.6