Sunstone Web & IT Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06199089 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SUNSTONE WEB & IT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S R Young

SECRETARY:

Mrs H E Young

REGISTERED OFFICE:

Cherry Tree Barn

Low Street

Torworth

RETFORD

Nottinghamshire

DN22 8NX

REGISTERED NUMBER:

06199089 (England and Wales)

ACCOUNTANTS:

Rigel Wolf Ltd

Chartered Accountants

Orion House

28A Spital Terrace

GAINSBOROUGH

Lincolnshire

DN21 2HQ

FIXED ASSETS

Tangible assets

4

492

524

CURRENT ASSETS

Debtors

5

971

1,506

Cash at bank

314

1

1,285

1,507

CREDITORS

Amounts falling due within one year

6

4,535

7,318

NET CURRENT LIABILITIES

(3,250

)

(5,811

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,758

)

(5,287

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

(2,858

)

(5,387

)

SHAREHOLDERS' FUNDS

(2,758

)

(5,287

)

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 28 December 2017 and were signed by:

Mr S R Young - Director

1.	STATUTORY INFORMATION

Sunstone Web & IT Services 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 represents net invoiced sales of goods and services, excluding value added tax.

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

-

10% on cost

Computer equipment

-

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 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.

Going concern

At 31 March 2017 the company had an excess of liabilities over assets of £2,758 and was technically

insolvent.

The company is dependent upon the continued financial support of its director, which has been confirmed

as ongoing. The financial statements have therefore been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2016

603

6,959

7,562

Additions

-

224

At 31 March 2017

603

7,183

7,786

DEPRECIATION

At 1 April 2016

265

6,773

7,038

Charge for year

59

197

256

At 31 March 2017

324

6,970

7,294

NET BOOK VALUE

At 31 March 2017

279

213

492

At 31 March 2016

338

186

524

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

971

1,506

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Bank loans and overdrafts

-

3

VAT

1,994

2,193

Other creditors

1,908

2,019

Directors' current accounts

173

2,089

Accruals and deferred income

460

1,014

4,535

7,318

7.	PROVISIONS FOR LIABILITIES

Deferred

tax

£

Accelerated capital allowances

98

Tax losses

(98

)

Balance at 31 March 2017

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

100

Ordinary

£1

100

9.

RESERVES

Retained

earnings

£

At 1 April 2016

(5,387

)

Profit for the year

2,529

At 31 March 2017

(2,858

)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr S R Young - the sole director and 60% shareholder - charged the company £208

(2016 - £208) for use of home as office.

11.	RELATED PARTY DISCLOSURES

At 31 March 2017 there was a balance owed by the company to Mr S R Young - the sole director and 60%

shareholder - of £173 (2016 - £2,089).

This balance has been shown in Creditors.

12.	ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with Mr S R Young, the sole director, who together with his wife,

holds 100% of the issued share capital.

Sunstone Web & IT Services Limited - Accounts to registrar (filleted) - small 17.3

Sunstone Web & IT Services Limited - Accounts to registrar (filleted) - small 17.3