Supply Chain Connexions Limited - Period Ending 2017-06-30

Registration number: 06944516

Supply Chain Connexions Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2017

HCB Accountants LLP
29 Wood Street
Stratford upon Avon
Warwickshire
CV37 6JG

Supply Chain Connexions Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Abridged Financial Statements	4 to 6

Supply Chain Connexions Limited

Company Information

Director

Mr P Tovey

Registered office

29 Wood Street Stratford upon Avon Warwickshire CV37 6JG

Accountants

HCB Accountants LLP 29 Wood Street Stratford upon Avon Warwickshire CV37 6JG

Page 1

Supply Chain Connexions Limited

(Registration number: 06944516)
Abridged Balance Sheet as at 30 June 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	5	1,000	-
Current assets
Cash at bank and in hand		143,273	178
Creditors: Amounts falling due within one year		(72,673)	-
Net current assets		70,600	178
Total assets less current liabilities		71,600	178
Accruals and deferred income		-	(396)
Net assets/(liabilities)		71,600	(218)
Capital and reserves
Called up share capital		100	100
Profit and loss account		71,500	(318)
Total equity		71,600	(218)

For the financial year ending 30 June 2017 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

The notes on pages 4 to 6 form an integral part of these abridged financial statements.

Page 2

Supply Chain Connexions Limited

(Registration number: 06944516)
Abridged Balance Sheet as at 30 June 2017

Approved and authorised by the director on 31 August 2017
 

.........................................

Mr P Tovey

Director

The notes on pages 4 to 6 form an integral part of these abridged financial statements.

Page 3

Supply Chain Connexions Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
29 Wood Street
Stratford upon Avon
Warwickshire
CV37 6JG

The principal place of business is:
2 Ploggs Hall Oast
Whetsted Road
Five Oak Green
Tonbridge
Kent
TN12 6SE

These financial statements were authorised for issue by the director on 31 August 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	Straight Line Over 3 Years

Page 4

Supply Chain Connexions Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2017

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2016 - 1).

Page 5

Supply Chain Connexions Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2017

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2017 £	2016 £
Depreciation expense	500	-

5	Tangible assets

	Total £
Cost or valuation
At 1 July 2016	914
Additions	1,500
At 30 June 2017	2,414
Depreciation
At 1 July 2016	914
Charge for the year	500
At 30 June 2017	1,414
Carrying amount
At 30 June 2017	1,000

6

Dividends

	2017	2016
	£	£
Interim dividend of £330.00 (2016 - £Nil) per ordinary share	33,000	-

7	Transition to FRS 102

These are the first financial statements that comply with FRS102 (Section 1A). The company transitioned to FRS102 (Section 1A) on 1st July 2015. No transitional adjustments were required in equity or profit and loss for the year.

Page 6