Saiphin Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05827163 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Saiphin Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr N J Matthews

SECRETARY:

N Dutton

REGISTERED OFFICE:

151A Fleet Road

Farnborough

Hampshire

GU14 9SL

REGISTERED NUMBER:

05827163 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

1st Floor

Unit 1 Beacontree Plaza

Gillette Way

Reading

Berkshire

RG2 0BS

FIXED ASSETS

Tangible assets

2

2,760

1,485

CURRENT ASSETS

Debtors

25,077

7,820

Cash at bank and in hand

8,708

10,950

33,785

18,770

CREDITORS

Amounts falling due within one year

36,535

20,245

NET CURRENT LIABILITIES

(2,750

)

(1,475

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10

10

CAPITAL AND RESERVES

Called up share capital

3

10

10

SHAREHOLDERS' FUNDS

10

10

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 director acknowledges her 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 28 February 2017 and were signed by:

Dr N J Matthews - 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 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

-

50% on reducing balance

Deferred tax

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

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

20,203

Additions

5,519

At 31 May 2016

25,722

DEPRECIATION

At 1 June 2015

18,718

Charge for year

4,244

At 31 May 2016

22,962

NET BOOK VALUE

At 31 May 2016

2,760

At 31 May 2015

1,485

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

10

Ordinary

£1

10

10