SAnDS Business Solutions Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05725338 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

for

SAnDS Business Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Alty

REGISTERED OFFICE:

149 Overhill Road

London

SE22 0PT

REGISTERED NUMBER:

05725338 (England and Wales)

ACCOUNTANTS:

Willis Cooper Limited

Unit 6

Heritage Business Centre

Derby Road

Belper

Derbyshire

DE56 1SW

FIXED ASSETS

Tangible assets

4

14,201

12,333

CURRENT ASSETS

Debtors

5

225,167

495,261

Cash at bank and in hand

969,233

426,776

1,194,400

922,037

CREDITORS

Amounts falling due within one year

6

119,281

98,588

NET CURRENT ASSETS

1,075,119

823,449

TOTAL ASSETS LESS CURRENT LIABILITIES

1,089,320

835,782

PROVISIONS FOR LIABILITIES

2,226

1,717

NET ASSETS

1,087,094

834,065

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

1,086,994

833,965

SHAREHOLDERS' FUNDS

1,087,094

834,065

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 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 29 June 2017 and were signed by:

S Alty - Director

1.	STATUTORY INFORMATION

SAnDS Business Solutions 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.

Plant and machinery etc

-

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 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.

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.

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 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

40,658

Additions

6,601

At 31 March 2017

47,259

DEPRECIATION

At 1 April 2016

28,325

Charge for year

4,733

At 31 March 2017

33,058

NET BOOK VALUE

At 31 March 2017

14,201

At 31 March 2016

12,333

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

212,849

82,651

Other debtors

12,318

412,610

225,167

495,261

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

204

61

Taxation and social security

109,781

29,079

Other creditors

9,296

69,448

119,281

98,588

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director introduced funds to and withdrew funds from the company by way of a director's

loan account. At the year end the company owed the director £11,016 (2016: director owed the company

£400,298) and is included in creditors. Interest has been charged at the official rate of interest.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S Alty.