Sarn Technologies Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC282039 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Sarn Technologies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr G G Scott

Mr D J Welsh

Mr G B Brown

SECRETARY:

Mr G G Scott

REGISTERED OFFICE:

Springfield House

Laurelhill Business Park

Stirling

FK7 9JQ

REGISTERED NUMBER:

SC282039 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

15 Gladstone Place

Stirling

FK8 2NN

BANKERS:

Royal Bank of Scotland

1 Roadside Village

Cumbernauld

Glasgow

G67 2SS

FIXED ASSETS

Tangible assets

2

8,992

13,008

CURRENT ASSETS

Debtors

3

65,480

56,675

Cash at bank

99,012

108,813

164,492

165,488

CREDITORS

Amounts falling due within one year

85,109

95,406

NET CURRENT ASSETS

79,383

70,082

TOTAL ASSETS LESS CURRENT
LIABILITIES

88,375

83,090

CAPITAL AND RESERVES

Called up share capital

4

20,000

Profit and loss account

68,375

63,090

SHAREHOLDERS' FUNDS

88,375

83,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

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

Mr G G Scott - 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 January 2015).

Turnover

Turnover consists of the sales value, excluding VAT, of work in the period under contracts to supply

services to third parties. It includes the relevant proportion of contract value for performance up to

the period end.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% 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. Deferred tax is provided at the average rates that are expected to apply when

the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities

are not discounted.

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 April 2015

45,187

Additions

1,701

Disposals

(541

)

At 31 March 2016

46,347

DEPRECIATION

At 1 April 2015

32,179

Charge for year

5,711

Eliminated on disposal

(535

)

At 31 March 2016

37,355

NET BOOK VALUE

At 31 March 2016

8,992

At 31 March 2015

13,008

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 4,985 (2015 - £ 4,985 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

20,000

Ordinary

£1

20,000