Sac Systems (Hardware) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05556803 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 1 JANUARY 2014 TO 30 DECEMBER 2014

FOR

SAC SYSTEMS (HARDWARE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Laporta

SECRETARY:

G Laporta

REGISTERED OFFICE:

Unit 28/29

North Luton Industrial Estate

Sedgwick Road

Luton

Bedfordshire

LU4 9DT

REGISTERED NUMBER:

05556803 (England and Wales)

ACCOUNTANTS:

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

FIXED ASSETS

Tangible assets

2

37,266

56,393

CURRENT ASSETS

Stocks

422,599

684,785

Debtors

380,784

171,842

Cash at bank and in hand

609,822

553,754

1,413,205

1,410,381

CREDITORS

Amounts falling due within one year

665,911

834,596

NET CURRENT ASSETS

747,294

575,785

TOTAL ASSETS LESS CURRENT LIABILITIES

784,560

632,178

CREDITORS

Amounts falling due after more than one year

19,031

34,256

NET ASSETS

765,529

597,922

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

765,528

597,921

SHAREHOLDERS' FUNDS

765,529

597,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 December 2015 and were signed by:

G Laporta - 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.

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

-

20% on cost

Office equipment

-

20% on cost

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

749,111

Additions

23,241

Disposals

(20,000

)

At 30 December 2014

752,352

DEPRECIATION

At 1 January 2014

692,718

Charge for period

30,368

Eliminated on disposal

(8,000

)

At 30 December 2014

715,086

NET BOOK VALUE

At 30 December 2014

37,266

At 31 December 2013

56,393

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£0.01

1

1

4.	ULTIMATE PARENT COMPANY