ACCOUNTS - Final Accounts preparation


07376557 2015-08-01 false true 2016-07-312016-07-31 07376557 2015-08-01 2016-07-31 07376557 2016-07-31 07376557 2015-07-31 07376557 c:FixturesFittingsToolsEquipment 2015-08-01 2016-07-31 07376557 d:OrdinaryShareClass1 2016-07-31 07376557 d:OrdinaryShareClass1 2015-07-31 07376557 d:OrdinaryShareClass1 2015-08-01 2016-07-31 07376557 d:Director5 2015-08-01 2016-07-31 07376557 c:ComputerEquipment 2015-08-01 2016-07-31 07376557 c:OfficeEquipment 2015-08-01 2016-07-31 07376557 c:PlantMachinery 2015-08-01 2016-07-31 07376557 c:OtherTangibleFixedAssets 2015-08-01 2016-07-31 xbrli:shares iso4217:GBP

Registered number: 07376557









STADIA SOLUTIONS LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

 
STADIA SOLUTIONS LIMITED
 

CONTENTS


Page

 
 
Balance Sheet
 
 
1 - 2
Notes to the Abbreviated Accounts
 
 
3 - 5

 
STADIA SOLUTIONS LIMITED
REGISTERED NUMBER: 07376557

ABBREVIATED BALANCE SHEET
AS AT 31 JULY 2016

2016
2015
Note
£
£
£
£
 
Fixed assets





 
Tangible assets
 
2
593,404
900,306
 
Current assets





 
Debtors
493,137
284,943

 
Cash at bank

33,879
13,270







 
527,016
298,213
 
Creditors: amounts falling due within one year
(615,507)
(560,038)
 
Net current liabilities


(88,491)

(261,825)
 
Total assets less current liabilities
504,913
638,481
 
Creditors: amounts falling due after more than one year
(964,369)

(2,823)

Net (liabilities)/assets




 (459,456)


 635,658
  
Capital and reserves

 
Called up share capital
3
100
100
 
Profit and loss account
(459,556)
635,558
 
Shareholders' (deficit)/funds
 

 (459,456)

 635,658


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 July 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 1

 
STADIA SOLUTIONS LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 JULY 2016

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by: 





R Peters
Director
Date: 6 June 2017

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
STADIA SOLUTIONS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016

1.Accounting Policies

1.1
Basis of preparation of financial statements

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).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Software
-
20% straight line
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line
Computer equipment
-
20% straight line
Other fixed assets
-
20% straight line

1.4
Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and Loss Account.

Page 3

 
STADIA SOLUTIONS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016

2.Tangible fixed assets



£


Cost 


At 1 August 2015
904,291

Additions
1,233


At 31 July 2016

905,524



Depreciation


At 1 August 2015
3,985

Charge for the year
308,135


At 31 July 2016

312,120




Net book value


At 31 July 2016
 593,404


At 31 July 2015

 900,306

Page 4

 
STADIA SOLUTIONS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016

3.Share capital
        2016
        2015
        £

        £

Allotted, called up and fully paid



1,000 Ordinary shares of £0.10 each
 100
 100


4.Ultimate parent undertaking and controlling party

The company is controlled by Pula Media and Technology, a company based in Guernsey.

Page 5