Stolenspace Ltd - Abbreviated accounts

STOLENSPACE LIMITED - Company Information

Registered number

04688716

Stolenspace Ltd

Abbreviated Accounts

31 March 2016

Stolenspace Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Stolenspace Ltd for the year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Stolenspace Ltd for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

N D Myatt & Co
Chartered Accountants
8A Woodhayes Road
London
SW19 4RG

16 December 2016

Stolenspace Ltd
Registered number:		04688716
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		1,974			2,931

Current assets
Debtors		118,126			71,475
Cash at bank and in hand		487,405			212,314
		605,531			283,789

Creditors: amounts falling due within one year		(263,418)			25,022

Net current assets			342,113			308,811

Net assets			344,087			311,742

Capital and reserves
Called up share capital	3		10			10
Profit and loss account			344,077			311,732

Shareholders' funds			344,087			311,742

The directors are 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 directors acknowledge their 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.



R Hennings
Director
Approved by the board on 16 December 2016

Stolenspace 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 April 2008).

	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.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					38,531
	Additions					940
	At 31 March 2016					39,471

	Depreciation
	At 1 April 2015					35,600
	Charge for the year					1,897
	At 31 March 2016					37,497

	Net book value
	At 31 March 2016					1,974
	At 31 March 2015					2,931


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		10		10