Stallic Ltd - Period Ending 2016-03-31

Registration number: 07449677

Stallic Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Metric Accountants Ltd
The Media Village
131-151 Great Titchfield Street
London
W1W 5BB

Stallic Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Stallic Ltd
(Registration number: 07449677)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,987			1,148
Current assets
Debtors					6,617			7,010
Cash at bank and in hand					7,007			8,627
					13,624			15,637
Creditors: Amounts falling due within one year					(3,568)			(5,198)
Net current assets					10,056			10,439
Total assets less current liabilities					13,043			11,587
Provisions for liabilities					(597)			(230)
Net assets					12,446			11,357
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					12,442			11,353
Shareholders' funds					12,446			11,357

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 20 December 2016 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Stallic Ltd
(Registration number: 07449677)
Abbreviated Balance Sheet at 31 March 2016
......... continued

.........................................
Dr Stefan Magnuson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Stallic Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	25% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 3

Stallic Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		3,157			3,157
Additions		2,697			2,697
At 31 March 2016		5,854			5,854
Depreciation
At 1 April 2015		2,009			2,009
Charge for the year		858			858
At 31 March 2016		2,867			2,867
Net book value
At 31 March 2016		2,987			2,987
At 31 March 2015		1,148			1,148

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A Share of £1 each		2			2			2			2
Ordinary B Share of £1 each		2			2			2			2
		4			4			4			4

Control

The controlling party is Dr S Magnuson.

The ultimate controlling party is Dr S Magnuson.

Page 4