EXCEED NETWORKS LIMITED - Abbreviated accounts 16.3
EXCEED NETWORKS LIMITED - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 August 2016 |
| for |
| EXCEED NETWORKS LIMITED |
| EXCEED NETWORKS LIMITED (Registered number: 07506544) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| EXCEED NETWORKS LIMITED |
| Company Information |
| for the Year Ended 31 August 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Tax Advisers & Accountants |
| EXCEED NETWORKS LIMITED (Registered number: 07506544) |
| Abbreviated Balance Sheet |
| 31 August 2016 |
| 31.8.16 | 31.8.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Investments |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| EXCEED NETWORKS LIMITED (Registered number: 07506544) |
| Abbreviated Balance Sheet - continued |
| 31 August 2016 |
| The financial statements were approved by the director on |
| EXCEED NETWORKS LIMITED (Registered number: 07506544) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| 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). |
| Exemption from preparing a cash flow statement |
| The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt |
| from the requirement to prepare such a statement under Financial Reporting Standard 1 Cash Flow |
| Statements/Financial Reporting Standard for Smaller Entities(effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding Value Added Tax. |
| Tangible fixed assets |
| Plant & machinery | - |
| Deferred tax |
| Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
| different from those in which they are included in the company's accounts. Deferred tax is provided in full on |
| timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates |
| that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
| commitment to sell the asset. |
| Deferred tax assets and liabilities are not discounted. |
| Pension costs and other post-retirement benefits |
| Contributions in respect of the company's defined contribution pension scheme are charged to profit and loss |
| account for the year in which they are payable to the scheme. Differences between contributions payable and |
| contributions actually paid in the year are shown as either accruals or prepayments at the year end. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| Additions |
| At 31 August 2016 |
| DEPRECIATION |
| At 1 September 2015 |
| Charge for year |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| EXCEED NETWORKS LIMITED (Registered number: 07506544) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 August 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| ** | POSTING HAS BEEN MADE TO SHARE CAPITAL 2 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 2 |
| THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON |
| BALANCE SHEET |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.16 | 31.8.15 |
| value: | £ | £ |
| Ordinary | £1.00 |
| 4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| LOAN FROM DIRECTOR |
| During the year, the company was provided with an interest free loan in the sum of £10,252 (2015: £15,372) by Mr |
| Christopher John Boto, the sole director of the company. This loan is repayable on demand. |