SQUARE_BOX_SYSTEMS_LIMITE - Accounts

SQUARE BOX SYSTEMS LIMITED - Company Information

Print Friendly Version

Company Registration No. 03819556 (England and Wales)

SQUARE BOX SYSTEMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

SQUARE BOX SYSTEMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SQUARE BOX SYSTEMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,774

5,855

Current assets

Debtors

540,690

1,053,931

Investments

41,708

Cash at bank and in hand

1,077,537

383,266

1,659,935

1,437,197

Creditors: amounts falling due within one year

(758,000)

(599,247)

Net current assets

901,935

837,950

Total assets less current liabilities

905,709

843,805

Capital and reserves

Called up share capital

100

Profit and loss account

905,609

843,705

Shareholders' funds

905,709

843,805

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 March 2017

Mr R Howarth

Director

Company Registration No. 03819556

SQUARE BOX SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

50% and 20% straight line

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

SQUARE BOX SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2015

18,184

Additions

1,163

Disposals

(10,488)

At 31 August 2016

8,859

Depreciation

At 1 September 2015

12,330

On disposals

(10,488)

Charge for the year

3,243

At 31 August 2016

5,085

Net book value

At 31 August 2016

3,774

At 31 August 2015

5,855

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100