Sbs Integrate Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03499341 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

SBS INTEGRATE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs S Bruce-Stupples

Mr J C Stupples

SECRETARY:

Mr J C Stupples

REGISTERED OFFICE:

16 Rackstraw Grove

Old Farm Park

Milton Keynes

MK7 8PZ

REGISTERED NUMBER:

03499341 (England and Wales)

ACCOUNTANTS:

Jamieson Stone LLP

Windsor House

40/41 Great Castle Street

London

W1W 8LU

FIXED ASSETS

Tangible assets

2

1,131

1,508

Investments

3

256,643

228,006

257,774

229,514

CURRENT ASSETS

Debtors

-

4,670

Cash at bank

684,254

707,900

684,254

712,570

CREDITORS

Amounts falling due within one year

(3,086

)

(4,651

)

NET CURRENT ASSETS

681,168

707,919

TOTAL ASSETS LESS CURRENT LIABILITIES

938,942

937,433

PROVISIONS FOR LIABILITIES

(226

)

(302

)

NET ASSETS

938,716

937,131

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

938,714

937,129

SHAREHOLDERS' FUNDS

938,716

937,131

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 21 December 2015 and were signed on its behalf by:

Mrs S Bruce-Stupples - 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). The principal accounting policies are

set out below, and remain unchanged from the previous year.

Turnover

Turnover is the total amount of fees and expenses receivable by the company excluding value added tax, in the

ordinary course of its business.

Tangible fixed assets and depreciation

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

Office equipment

-

25% on reducing balance

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred

taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing

differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet

date.

Foreign currencies

Assets and liabilities in foreign currencies are translated at the rate of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange rate ruling at the date of the

transaction. Exchange differences are taken into account in arriving at the operating profit.

Investments

Investments are stated at their current market value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

21,244

DEPRECIATION

At 1 May 2014

19,736

Charge for year

377

At 30 April 2015

20,113

NET BOOK VALUE

At 30 April 2015

1,131

At 30 April 2014

1,508

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 May 2014

228,006

Additions

28,637

At 30 April 2015

256,643

NET BOOK VALUE

At 30 April 2015

256,643

At 30 April 2014

228,006

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2