Sectorem Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 08492970 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

SECTOREM LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S L Vinall

Mr G A Vinall

REGISTERED OFFICE:

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

BUSINESS ADDRESS:

7 Knowle Park

Cobham

Surrey

KT11 3AA

REGISTERED NUMBER:

08492970 (England and Wales)

ACCOUNTANTS:

Brookes Stephens

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

Fixed assets

Tangible assets

5

1,690

2,253

Current assets

Debtors

6,634

220

Cash at bank

8,757

6,367

15,391

6,587

Creditors

Amounts falling due within one year

7,181

8,464

Net current assets/(liabilities)

8,210

(1,877

)

Total assets less current liabilities

9,900

376

Provisions for liabilities

338

450

Net assets/(liabilities)

9,562

(74

)

Capital and reserves

Called up share capital

100

100

Retained earnings

9,462

(174

)

Shareholders' funds

9,562

(74

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 May 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2017 and were signed on its behalf by:

Mr G A Vinall - Director

1.	STATUTORY INFORMATION

Sectorem Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced 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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2015

and 31 May 2016

4,133

DEPRECIATION

At 1 June 2015

1,880

Charge for year

563

At 31 May 2016

2,443

NET BOOK VALUE

At 31 May 2016

1,690

At 31 May 2015

2,253

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and 31 May 2015:

2016

2015

£

£

Mr G A Vinall

Balance outstanding at start of year

-

-

Amounts advanced

1,688

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,688

-

This loan is interest free and repayable on demand.