Sector Forensics Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03729038 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2015

for

Sector Forensics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M S Scott

SECRETARY:

Mrs D Jones

REGISTERED OFFICE:

6 Twinyards Close

Sutton in Ashfield

Nottinghamshire

NG17 1LN

REGISTERED NUMBER:

03729038 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Tangible assets

2

79,983

74,536

CURRENT ASSETS

Debtors

45,847

75,685

Cash at bank

38,652

7,314

84,499

82,999

CREDITORS

Amounts falling due within one year

94,131

84,319

NET CURRENT LIABILITIES

(9,632

)

(1,320

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

70,351

73,216

PROVISIONS FOR LIABILITIES

13,367

13,274

NET ASSETS

56,984

59,942

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

56,982

59,940

SHAREHOLDERS' FUNDS

56,984

59,942

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 May 2016 and were signed by:

M S Scott - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director considers that the going concern basis of preparation to be appropriate , on the basis that the

company has continued to be profitable and meets its liabilities as they fall due. The director has considered the

future profitability and cash flow of the company, which supports continued profitability and consistent cash

flow for the forthcoming year.

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 January 2015).

Turnover

Turnover represents net invoiced sales of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

170,336

Additions

18,338

Reclassification/transfer

10,904

At 31 August 2015

199,578

DEPRECIATION

At 1 September 2014

95,800

Charge for year

12,890

Transfer to ownership

(6,243

)

Reclassification/transfer

17,148

At 31 August 2015

119,595

NET BOOK VALUE

At 31 August 2015

79,983

At 31 August 2014

74,536

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £10 was owed by the company to the director (2014 - £208). The sum of

£208 was the maximum amount owing to the director during the year . No interest has been paid or accrued on

this sum .