Syt Coaching & Development Ltd. - Limited company accounts 16.3

REGISTERED NUMBER: SC259639 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2017

for

Syt Coaching & Development Ltd.

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

S Thomson

REGISTERED OFFICE:

22B Marine Parade walk

Dundee

DD1 3AU

REGISTERED NUMBER:

SC259639 (Scotland)

ACCOUNTANTS:

MacDonald Accountancy Services

12 Allardice Street

Stonehaven

Aberdeenshire

AB39 2BQ

The director presents his report with the financial statements of the company for the year ended 31 January 2017.

DIRECTOR

S Thomson held office during the whole of the period from 1 February 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S Thomson - Director

13 March 2017

TURNOVER

143,236

43,776

Cost of sales

12,928

6,068

GROSS PROFIT

130,308

37,708

Administrative expenses

10,301

9,930

OPERATING PROFIT

120,007

27,778

Interest receivable and similar income

10

9

PROFIT BEFORE TAXATION

120,017

27,787

Tax on profit

24,003

5,557

PROFIT FOR THE FINANCIAL YEAR

96,014

22,230

CURRENT ASSETS

Cash at bank

106,136

7,106

CREDITORS

Amounts falling due within one year

5

36,883

6,867

NET CURRENT ASSETS

69,253

239

TOTAL ASSETS LESS CURRENT
LIABILITIES

69,253

239

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

69,251

237

SHAREHOLDERS' FUNDS

69,253

239

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 March 2017 and were signed by:

S Thomson - Director

1.	STATUTORY INFORMATION

Syt Coaching & Development Ltd. is a private company, limited by shares , registered in Scotland. 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.

Computer equipment

-

25% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was XXX.

**PLEASE COMPLETE CLIENT SCREEN WITH DETAILS

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2016

and 31 January 2017

1,004

DEPRECIATION

At 1 February 2016

and 31 January 2017

1,004

NET BOOK VALUE

At 31 January 2017

-

At 31 January 2016

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

Taxation and social security

35,954

5,724

Other creditors

929

1,143

36,883

6,867