SGS INFOTECH LIMITED - Limited company - abbreviated

REGISTERED NUMBER: 08976896 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 3 April 2014 to 31 March 2015

for

SGS INFOTECH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S G Shenton

SECRETARY:

Crossley and Co.

REGISTERED OFFICE:

Royal Mews

St. Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

REGISTERED NUMBER:

08976896 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

Royal Mews

St.Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

FIXED ASSETS

Intangible assets

2

41,250

Tangible assets

3

6,497

47,747

CURRENT ASSETS

Cash at bank

26,440

CREDITORS

Amounts falling due within one year

45,158

NET CURRENT LIABILITIES

(18,718

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,029

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

29,027

SHAREHOLDERS' FUNDS

29,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 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 23 December 2015 and were signed by:

S G Shenton - 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 in 2014, is being amortised evenly over its estimated useful life of four years.

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 cost

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

55,000

At 31 March 2015

55,000

AMORTISATION

Amortisation for period

13,750

At 31 March 2015

13,750

NET BOOK VALUE

At 31 March 2015

41,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

8,662

At 31 March 2015

8,662

DEPRECIATION

Charge for period

2,165

At 31 March 2015

2,165

NET BOOK VALUE

At 31 March 2015

6,497

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

A Ordinary

£1

1

B Ordinary

£1

1

2

SGS INFOTECH LIMITED - Limited company - abbreviated - 11.9

SGS INFOTECH LIMITED - Limited company - abbreviated - 11.9