Sunstone Web & IT Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06199089 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SUNSTONE WEB & IT SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S R Young

SECRETARY:

Mrs H E Young

REGISTERED OFFICE:

Cherry Tree Barn

Low Street

Torworth

RETFORD

Nottinghamshire

DN22 8NX

REGISTERED NUMBER:

06199089 (England and Wales)

ACCOUNTANTS:

Rigel Wolf Ltd

Chartered Accountants

Orion House

28A Spital Terrace

GAINSBOROUGH

Lincolnshire

DN21 2HQ

FIXED ASSETS

Tangible assets

2

524

955

CURRENT ASSETS

Debtors

1,506

3,959

Cash at bank

1

511

1,507

4,470

CREDITORS

Amounts falling due within one year

7,318

10,578

NET CURRENT LIABILITIES

(5,811

)

(6,108

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,287

)

(5,153

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(5,387

)

(5,253

)

SHAREHOLDERS' FUNDS

(5,287

)

(5,153

)

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 director acknowledges his 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 director on 23 December 2016 and were signed by:

Mr S R Young - 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 and services, 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.

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern

At 31 March 2016 the company had an excess of liabilities over assets of £5,287 and was technically

insolvent.

Included within creditors is an amount of £2,089 owed to the director, Mr S R Young. The company is

dependent upon the continued financial support of its director, which has been confirmed as ongoing. The

financial statements have therefore been prepared on the going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

7,562

DEPRECIATION

At 1 April 2015

6,607

Charge for year

431

At 31 March 2016

7,038

NET BOOK VALUE

At 31 March 2016

524

At 31 March 2015

955

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr S R Young - the sole director and 60% shareholder - charged the company £208

(2015 - £208) for use of home as office.