Et Sequentes Limited - Period Ending 2016-05-31

Registration number: 8064658

Et Sequentes Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Et Sequentes Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Et Sequentes Limited
(Registration number: 8064658)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,263			-
Current assets
Debtors					13,939			11,921
Cash at bank and in hand					1,258			10,411
					15,197			22,332
Creditors: Amounts falling due within one year					(15,152)			(21,107)
Net current assets					45			1,225
Net assets					2,308			1,225
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					2,307			1,224
Shareholders' funds					2,308			1,225

For the year ending 31 May 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 director acknowledges his 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 director on 27 February 2017

.........................................
Mr CJ Gascoyne
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Et Sequentes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, 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
Computer Equipment	33.33% Straight Line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		2,573			2,573
At 31 May 2016		2,573			2,573
Depreciation
Charge for the year		310			310
At 31 May 2016		310			310
Net book value
At 31 May 2016		2,263			2,263

Page 2

Et Sequentes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

Page 3