SBC Systems (UK) Limited - Limited company - abbreviated

REGISTERED NUMBER: 05191492 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

SBC Systems (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Markham

A McNeill

S Milligan

R Beaudoin

SECRETARY:

D J Markham

REGISTERED OFFICE:

Portsoken House

155-157 Minories

London

EC3N 1LJ

REGISTERED NUMBER:

05191492 (England and Wales)

ACCOUNTANTS:

Forbes Young

Tax Advisers and

Accountants

Suite 04

The Workstation

Three Gables, Cornerhall

Hemel Hempstead

Hertfordshire

HP3 9HN

FIXED ASSETS

Intangible assets

2

16,000

Tangible assets

3

20,957

19,536

36,957

35,536

CURRENT ASSETS

Debtors

1,432,571

990,254

Cash at bank

948,385

113,676

2,380,956

1,103,930

CREDITORS

Amounts falling due within one year

1,918,446

684,176

NET CURRENT ASSETS

462,510

419,754

TOTAL ASSETS LESS CURRENT
LIABILITIES

499,467

455,290

CAPITAL AND RESERVES

Called up share capital

4

2

Share premium

31,998

Profit and loss account

467,467

423,290

SHAREHOLDERS' FUNDS

499,467

455,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 25 September 2015 and were signed on its behalf
by:

D J Markham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business is not being amortised.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

16,000

NET BOOK VALUE

At 31 December 2014

16,000

At 31 December 2013

16,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

38,575

Additions

7,082

At 31 December 2014

45,657

DEPRECIATION

At 1 January 2014

19,039

Charge for year

5,661

At 31 December 2014

24,700

NET BOOK VALUE

At 31 December 2014

20,957

At 31 December 2013

19,536

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

2

Ordinary

£1

2

SBC Systems (UK) Limited - Limited company - abbreviated - 11.6

SBC Systems (UK) Limited - Limited company - abbreviated - 11.6