Sam Software Solutions Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 06297855 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Sam Software Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N A Hunter

REGISTERED OFFICE:

46-48 Alfreton Road

Nottingham

NG7 3NN

REGISTERED NUMBER:

06297855 (England and Wales)

ACCOUNTANTS:

Certax Accounting (Nottingham Central) Ltd

Gothic House

Barker Gate

Nottingham

Nottinghamshire

NG1 1JU

FIXED ASSETS

Intangible assets

4

4,583

4,583

Tangible assets

5

65

892

4,648

5,475

CURRENT ASSETS

Debtors

6

55,447

51,333

Cash at bank and in hand

1,370

2,393

56,817

53,726

CREDITORS

Amounts falling due within one year

7

26,869

30,516

NET CURRENT ASSETS

29,948

23,210

TOTAL ASSETS LESS CURRENT LIABILITIES

34,596

28,685

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

34,595

28,684

SHAREHOLDERS' FUNDS

34,596

28,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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.

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

The financial statements were approved by the director on 15 September 2017 and were signed by:

Mr N A Hunter - Director

1.	STATUTORY INFORMATION

Sam Software Solutions Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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 that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

Research and development

Research and is written off to the profit and loss account in the year in which it is incurred. Development

expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and

financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the

period from which the company is expected to benefit.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2016

and 31 December 2016

4,583

NET BOOK VALUE

At 31 December 2016

4,583

At 31 December 2015

4,583

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

2,760

550

3,310

DEPRECIATION

At 1 January 2016

2,005

413

2,418

Charge for year

690

137

827

At 31 December 2016

2,695

550

3,245

NET BOOK VALUE

At 31 December 2016

65

-

65

At 31 December 2015

755

137

892

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

34,803

46,393

Other debtors

5,900

4,940

CT repayable

4,744

-

Prepayments

10,000

-

55,447

51,333

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other loans

569

569

Trade creditors

1,683

2,989

Tax

-

6,870

Social security and other taxes

4,618

4,394

VAT

13,797

10,603

Other creditors

5,630

4,586

Directors' current accounts

172

505

Accrued expenses

400

-

26,869

30,516

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

1

Ordinary

1

1

1

9.

RESERVES

Retained

earnings

£

At 1 January 2016

28,684

Profit for the year

5,911

At 31 December 2016

34,595

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N A Hunter.