Stablesoft-Europe Limited - Abbreviated accounts

STABLESOFT-EUROPE LIMITED - Company Information

Registered number

07102137

Stablesoft-Europe Limited

Abbreviated Accounts

31 December 2015

Stablesoft-Europe Limited
Registered number:		07102137
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		66,129			49,514

Current assets
Debtors		47,842			70,471
Cash at bank and in hand		85,140			20,509
		132,982			90,980

Creditors: amounts falling due within one year		(181,390)			(107,916)

Net current liabilities			(48,408)			(16,936)

Total assets less current liabilities			17,721			32,578

Creditors: amounts falling due after more than one year			(7,500)			(8,814)



Net assets			10,221			23,764

Capital and reserves
Called up share capital	3		300			300
Profit and loss account			9,921			23,464

Shareholders' funds			10,221			23,764

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



B M Langton
Director
Approved by the board on 15 April 2016

Stablesoft-Europe Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 January 2015					91,911
	Additions					57,467
	Disposals					(46,176)
	At 31 December 2015					103,202

	Depreciation
	At 1 January 2015					42,397
	Charge for the year					18,321
	On disposals					(23,645)
	At 31 December 2015					37,073

	Net book value
	At 31 December 2015					66,129
	At 31 December 2014					49,514


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100
	Ordinary B shares	£1 each		100		100		100
	Ordinary C shares	£1 each		-		-		-
	Ordinary D shares	£1 each		-		-		-
	Ordinary E shares	£1 each		100		100		100
						300		300