SERVERWARE_GROUP_LIMITED - Accounts

SERVERWARE GROUP LIMITED - Company Information

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Company Registration No. 01767326 (England and Wales)

SERVERWARE GROUP LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2015

Richard Anthony

Chartered Accountants

SERVERWARE GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

SERVERWARE GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

953

18,778

Investments

12,187

953

30,965

Current assets

Debtors

63,449

98,044

Cash at bank and in hand

300,932

1,037,357

364,381

1,135,401

Creditors: amounts falling due within one year

(8,501)

(719,664)

Net current assets

355,880

415,737

Total assets less current liabilities

356,833

446,702

Capital and reserves

Called up share capital

39,638

Other reserves

10,362

Profit and loss account

306,833

396,702

Shareholders' funds

356,833

446,702

For the financial Period ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their 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 1 September 2015

PMW Seldon Esq

Mrs J Seldon

Director

Company Registration No. 01767326

SERVERWARE GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2015

- 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).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

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:

Plant and machinery

12.5% - 20.0% on written down value

Motor vehicles

20% on written down value

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

SERVERWARE GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 March 2014

46,126

89,344

135,470

Disposals

(44,503)

(89,344)

(133,847)

At 30 June 2015

1,623

Depreciation

At 1 March 2014

27,348

On disposals

(27,023)

Charge for the period

345

At 30 June 2015

670

Net book value

At 30 June 2015

953

At 28 February 2014

18,778

12,187

30,965

Share capital

2015

2014

Allotted, called up and fully paid

1,585,520 Ordinary shares of 3p each

39,638

Related party relationships and transactions

SERVERWARE GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2015

Related party relationships and transactions

(Continued)

- 4 -

Loans to directors

Transactions in relation to loans with directors during the Period are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

PMW Seldon Esq -

18,601

The loan was fully repaid on 1st September 2015.