Sirco Controls Limited - Abbreviated accounts 16.1
Sirco Controls Limited - Abbreviated accounts 16.1
| SIRCO CONTROLS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Report of the Accountants | 6 |
| SIRCO CONTROLS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| ABBREVIATED BALANCE SHEET |
| 29TH FEBRUARY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| ABBREVIATED BALANCE SHEET - continued |
| 29TH FEBRUARY 2016 |
| The financial statements were approved by the Board of Directors on behalf by: |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| 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). |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value. Cost is |
| determined as follows: |
| Raw materials | - | on a first in first outbasis |
| Work in progress and finished goods |
- | selling price (restricted to percentage completed) less the profit contenttherein as compiled from the company's cost analysis. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Operating leases |
| Rentals paid under operating leases are charged to profit and loss account as incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined-contribution money purchase pension scheme. The assets of the |
| scheme are held separately from those of the company, in an independently-administered fund. |
| Contributions are charged to the profit and loss account as they become payable in accordance with |
| the rules of the scheme. |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st March 2015 |
| Additions |
| At 29th February 2016 |
| DEPRECIATION |
| At 1st March 2015 |
| Charge for year |
| At 29th February 2016 |
| NET BOOK VALUE |
| At 29th February 2016 |
| At 28th February 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| SIRCO CONTROLS LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| SIRCO CONTROLS LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's |
| annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
| pages two to five) have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 29th February 2016 set out on pages three to ten and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Chartered Certified Accountants |
| Date: ............................................. |