Sectorem Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08492970 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

SECTOREM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs S L Vinall

Mr G A Vinall

REGISTERED OFFICE:

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

REGISTERED NUMBER:

08492970 (England and Wales)

ACCOUNTANTS:

Brookes Stephens

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

Fixed assets

Tangible assets

2

2,253

3,004

Current assets

Debtors

220

6,810

Cash at bank

6,367

12,123

6,587

18,933

Creditors

Amounts falling due within one year

8,464

19,186

Net current liabilities

(1,877

)

(253

)

Total assets less current liabilities

376

2,751

Provisions for liabilities

450

600

Net (liabilities)/assets

(74

)

2,151

Capital and reserves

Called up share capital

3

100

100

Profit and loss account

(174

)

2,051

Shareholders' funds

(74

)

2,151

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 February 2016 and were signed on its behalf by:

Mr G A Vinall - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director agrees they will not require the company to repay their loan balance during the forthcoming 12 months. The

directors are not aware of any material uncertainties related to events or conditions that would cast doubt upon the

entity's ability to continue as a going concern during this period. On this basis the going concern basis of accounting has

been adopted.

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 goods and services, 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 etc

-

25% on reducing balance

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 June 2014

and 31 May 2015

4,133

DEPRECIATION

At 1 June 2014

1,129

Charge for year

751

At 31 May 2015

1,880

NET BOOK VALUE

At 31 May 2015

2,253

At 31 May 2014

3,004

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£

100

100