SSE Commercial Limited - Accounts to registrar - small 17.2

SSE Commercial Limited - Accounts to registrar - small 17.2

SSE COMMERCIAL LIMITED - Company Information

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REGISTERED NUMBER: 04400133 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 March 2017

for

SSE Commercial Limited

SSE Commercial Limited (Registered number: 04400133)

Contents of the Financial Statements
For The Year Ended 31 March 2017










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


SSE Commercial Limited

Company Information
For The Year Ended 31 March 2017







DIRECTORS: Mrs S Silvester
Mrs C P Nelson
Mr C M Nelson
Mr T Silvester





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 04400133 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET
Page 1
SSE Commercial Limited (Registered number: 04400133)

Abridged Statement of Financial Position
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,081 128,835

CURRENT ASSETS
Debtors 5 545,379 392,476
Cash at bank 159,834 445,161
705,213 837,637
CREDITORS
Amounts falling due within one year 433,758 473,265
NET CURRENT ASSETS 271,455 364,372
TOTAL ASSETS LESS CURRENT
LIABILITIES
416,536
493,207

CREDITORS
Amounts falling due after more than one
year
(26,401
)
(15,435
)

PROVISIONS FOR LIABILITIES (28,003 ) (24,367 )
NET ASSETS 362,132 453,405

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 362,032 453,305
SHAREHOLDERS' FUNDS 362,132 453,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
SSE Commercial Limited (Registered number: 04400133)

Abridged Statement of Financial Position - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 July 2017 and were signed on its behalf by:




Mr C M Nelson - Director



Mr T Silvester - Director


The notes form part of these financial statements

Page 3
SSE Commercial Limited (Registered number: 04400133)

Notes to the Financial Statements
For The Year Ended 31 March 2017


1. STATUTORY INFORMATION

SSE Commercial Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2016 - 26 ) .

Page 4 continued...
SSE Commercial Limited (Registered number: 04400133)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2017


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016 287,710
Additions 56,726
At 31 March 2017 344,436
DEPRECIATION
At 1 April 2016 158,875
Charge for year 40,480
At 31 March 2017 199,355
NET BOOK VALUE
At 31 March 2017 145,081
At 31 March 2016 128,835

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2016 99,429
Additions 39,613
At 31 March 2017 139,042
DEPRECIATION
At 1 April 2016 53,804
Charge for year 18,833
At 31 March 2017 72,637
NET BOOK VALUE
At 31 March 2017 66,405
At 31 March 2016 45,625

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Other debtors 15,000 15,000

6. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 47,134 38,830

Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

Page 5