SGW Payroll Limited - Abbreviated accounts 16.1
SGW Payroll Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2016 |
| for |
| SGW Payroll Limited |
| SGW Payroll Limited (Registered number: 06368331) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| SGW Payroll Limited |
| Company Information |
| for the year ended 31 March 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| SGW Payroll Limited (Registered number: 06368331) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors: amounts falling due within one year | 131,181 | 122,616 |
| Debtors: amounts falling due after more than one year |
3 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Capital redemption reserve |
| 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. |
| The financial statements were approved by the Board of Directors on by: |
| SGW Payroll Limited (Registered number: 06368331) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| No material uncertainties that may cast significant doubt about the ability of the company to continue as a going |
| concern have been identified by the directors. |
| On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. |
| 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 |
| Revenue (described as turnover) is recognised on the performance of services for customers and it is stated net of |
| Value Added Tax. Freight charges to customers are included in turnover. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 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 |
| Contributions payable by the company to the employees' pension schemes are charged to the profit and loss |
| account in the period to which they relate. The assets of those schemes are held separately from the business in |
| independently administered funds. As at the year end outstanding pension contributions amounted to £1,555 |
| (2015: £1,115). |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| SGW Payroll Limited (Registered number: 06368331) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 March 2016 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| 93,470 | A Ordinary | 0.5p | 467 | 467 |
| 5,500 | B Ordinary | 1p | 55 | 55 |
| 940 | C Ordinary | 1p | 10 | 10 |
| 93,470 | D Ordinary | 0.5p | 467 | 467 |
| 999 | 999 |
| The A Ordinary shares have full equity and voting rights but are not entitled to receive dividends. |
| The B Ordinary and C Ordinary shares have full equity, voting and dividend rights. |
| The D Ordinary shares have dividend rights but have no equity or voting rights. |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| An amount of £170,000 owed to the directors is included within creditors: amounts falling due within one year. |
| 6. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of M P Haase by virtue of his 93.6% ownership of the issued share capital with |
| voting rights |