Silver Fern IT Services Ltd - Abbreviated accounts

Registered number

03845112

Silver Fern IT Services Ltd

Abbreviated Accounts

31 March 2016

Silver Fern IT Services Ltd
Registered number:		03845112
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		4,696			6,261

Current assets
Debtors		127,487			95,101
Cash at bank and in hand		182			187
		127,669			95,288

Creditors: amounts falling due within one year		(131,322)			(100,015)

Net current liabilities			(3,653)			(4,727)

Total assets less current liabilities			1,043			1,534


Provisions for liabilities			(939)			(1,252)


Net assets			104			282

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			4			182

Shareholders' funds			104			282

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.



Mr J Rea
Director
Approved by the board on 22 December 2016

Silver Fern IT Services Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

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 1 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

	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.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					25,150
	At 31 March 2016					25,150

	Depreciation
	At 1 April 2015					18,889
	Charge for the year					1,565
	At 31 March 2016					20,454

	Net book value
	At 31 March 2016					4,696
	At 31 March 2015					6,261


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


4	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr J Rea
	Repayable on demand	16,168		42,455		-		58,623

		16,168		42,455		-		58,623