Systems Interface Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01643486 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Systems Interface Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P A Gurney

Mrs C A Webster

Mr P R Heaney

SECRETARIES:

Mrs D Meer

Mr M L Mulberry BA (Hons) FCCA CTA

REGISTERED OFFICE:

Unit 71.5

Dunsfold Park

Stovolds Hill

Cranleigh

Surrey

GU6 8TB

REGISTERED NUMBER:

01643486 (England and Wales)

ACCOUNTANTS:

Mulberry & Co

Chartered Certified Accountants

& Chartered Tax Advisers

55a The Street

Wrecclesham

Surrey

GU10 4QS

FIXED ASSETS

Tangible assets

2

27,631

39,612

CURRENT ASSETS

Stocks

30,742

21,069

Debtors

650,265

913,879

Cash at bank and in hand

47,943

242,880

728,950

1,177,828

CREDITORS

Amounts falling due within one year

530,176

1,013,638

NET CURRENT ASSETS

198,774

164,190

TOTAL ASSETS LESS CURRENT LIABILITIES

226,405

203,802

CREDITORS

Amounts falling due after more than one year

550,000

550,000

NET LIABILITIES

(323,595

)

(346,198

)

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

(333,595

)

(356,198

)

SHAREHOLDERS' FUNDS

(323,595

)

(346,198

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 March 2016 and were signed on its behalf by:

Mr P A Gurney - Director

Mrs C A Webster - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost and 25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

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

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

195,743

Additions

752

At 31 December 2015

196,495

DEPRECIATION

At 1 January 2015

156,131

Charge for year

12,733

At 31 December 2015

168,864

NET BOOK VALUE

At 31 December 2015

27,631

At 31 December 2014

39,612

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

10,000

Share capital 1

£1

10,000

10,000

4.	ULTIMATE PARENT COMPANY

Frequentis AG (incorporated in Austria ) is regarded by the directors as being the company's ultimate parent

company.