STP Systems Ltd - Period Ending 2016-08-31

Registration number: SC456835

STP Systems Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Roderick Gunkel & Associates Ltd
Orchardlea
Callander
FK17 8BG

STP Systems Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
STP Systems Ltd
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of STP Systems Ltd for the year ended 31 August 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a member of the Association Of Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook/accaglobal.com.

This report is made solely to the Board of Directors of STP Systems Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of STP Systems Ltd and state those matters that we have agreed to state to them, as a body . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STP Systems Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that STP Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of STP Systems Ltd. You consider that STP Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of STP Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Roderick Gunkel & Associates Ltd
Orchardlea
Callander
FK17 8BG

24 November 2016

Page 1

STP Systems Ltd
(Registration number: SC456835)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,100			650
Current assets
Debtors					5,100			6,577
Cash at bank and in hand					4,814			16,989
					9,914			23,566
Creditors: Amounts falling due within one year					(8,583)			(16,153)
Net current assets					1,331			7,413
Total assets less current liabilities					2,431			8,063
Provisions for liabilities					(130)			(70)
Net assets					2,301			7,993
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					2,201			7,893
Shareholders' funds					2,301			7,993

For the year ending 31 August 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 24 November 2016 and signed on its behalf by:

.........................................
James George Baird
Director

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

STP Systems Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 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
Fixtures, fittings, tools and equipment	20-50% reducing balance p.a.

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.

Tangible fixed assets

		Fixtures and fittings £			Total £
Cost or valuation
At 1 September 2015		1,199			1,199
Additions		1,068			1,068
At 31 August 2016		2,267			2,267
Depreciation
At 1 September 2015		549			549
Charge for the year		618			618
At 31 August 2016		1,167			1,167
Net book value
At 31 August 2016		1,100			1,100
At 31 August 2015		650			650

Page 3

STP Systems Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		1,199			1,199
Additions		1,068			1,068
At 31 August 2016		2,267			2,267
Depreciation
At 1 September 2015		549			549
Charge for the year		618			618
At 31 August 2016		1,167			1,167
Net book value
At 31 August 2016		1,100			1,100
At 31 August 2015		650			650

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4