SSG Training & Consultancy Limited - Period Ending 2017-06-30

 
 
 
 
 
 
 
  SSG Training & Consultancy Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 30 June 2016
 
  Company Registration Number: 03564008

SSG Training & Consultancy Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

SSG Training & Consultancy Limited
Abbreviated Balance Sheet
30 June 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets		2			6,402			20,613
Tangible fixed assets		2			102,237			106,832
					108,639			127,445
Current assets
Stocks					20,000			15,000
Debtors					671,606			621,159
Cash at bank and in hand					783,695			618,687
					1,475,301			1,254,846
Creditors: Amounts falling due within one year					(531,305)			(488,806)
Net current assets					943,996			766,040
Total assets less current liabilities					1,052,635			893,485
Provisions for liabilities					(7,067)			(5,075)
Net assets					1,045,568			888,410
Capital and reserves
Called up share capital		3			60			60
Share premium account					26,980			26,980
Capital redemption reserve					40			40
Profit and loss account					1,018,488			861,330
Shareholders' funds					1,045,568			888,410

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

SSG Training & Consultancy Limited
Abbreviated Balance Sheet
30 June 2016 ......... continued

For the year ending 30 June 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 22 February 2017 and signed on its behalf by:

Mr M Salmon
Director

Company Registration Number: 03564008

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

SSG Training & Consultancy Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 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 invoiced during the period, exclusive of Value Added Tax, as adjusted for amounts invoiced in advance. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 5 years

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
Leasehold Property	Over 5 years
Training Equipment	3 to 6 years
Furniture & Fixtures	5 to 6 years
Motor Vehicles	6 years
Office Equipment	3 to 6 years

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Page 3

SSG Training & Consultancy Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2016 ......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 July 2015		71,057			260,787			331,844
Additions		-			63,199			63,199
Disposals		-			(50,792)			(50,792)
At 30 June 2016		71,057			273,194			344,251
Depreciation
At 1 July 2015		50,444			153,955			204,399
Charge for the year		14,211			45,186			59,397
Eliminated on disposals		-			(28,184)			(28,184)
At 30 June 2016		64,655			170,957			235,612
Net book value
At 30 June 2016		6,402			102,237			108,639
At 30 June 2015		20,613			106,832			127,445

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		60			60			60			60

Page 4