Signum Facilities Management Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07997850 (England and Wales)

SIGNUM FACILITIES MANAGEMENT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J Wood

Mr I Wood

REGISTERED OFFICE:

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REGISTERED NUMBER:

07997850 (England and Wales)

ACCOUNTANTS:

Smith Craven

Chartered Accountants

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

2

18,303

20,554

CURRENT ASSETS

Debtors

128,042

81,809

Cash at bank and in hand

2,124

114

130,166

81,923

CREDITORS

Amounts falling due within one year

3

145,832

85,795

NET CURRENT LIABILITIES

(15,666

)

(3,872

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,637

16,682

CREDITORS

Amounts falling due after more than one
year

3

-

(12,025

)

PROVISIONS FOR LIABILITIES

-

(2,082

)

NET ASSETS

2,637

2,575

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

2,537

2,475

SHAREHOLDERS' FUNDS

2,637

2,575

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 6 October 2016 and were signed on its behalf by:

Mrs J Wood - 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 represents net invoiced sales of goods, 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 etc

-

33% on cost and 25% 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.

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.

Going concern

At 31 March 2016, the company had net current liabilities of £14,166 (2015: £3,872). The company is dependent

on the continual support of the Directors and other creditors. Given the continuance of this support, the Directors

consider it appropriate to prepare the financial statements on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

27,965

Additions

776

At 31 March 2016

28,741

DEPRECIATION

At 1 April 2015

7,411

Charge for year

3,027

At 31 March 2016

10,438

NET BOOK VALUE

At 31 March 2016

18,303

At 31 March 2015

20,554

3.

CREDITORS

Creditors include an amount of £ 17,472 (2015 - £ 26,206 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100