Stratagem Project Management Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06924611 (England and Wales)

Stratagem Project Management Limited

Financial Statements

for the Year Ended 31 May 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Griffin

Mrs S A Griffin

REGISTERED OFFICE:

44 The Bridles

Goxhill

Barrow upon Humber

North Lincolnshire

DN19 7GA

REGISTERED NUMBER:

06924611 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

3

715

953

CURRENT ASSETS

Debtors

4

13,310

-

Cash at bank

9,432

25

22,742

25

CREDITORS

Amounts falling due within one year

5

12,644

446

NET CURRENT ASSETS/(LIABILITIES)

10,098

(421

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,813

532

PROVISIONS FOR LIABILITIES

143

191

NET ASSETS

10,670

341

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

10,570

241

SHAREHOLDERS' FUNDS

10,670

341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 22 February 2018 and were signed on its behalf by:

Mr S Griffin - Director

Mrs S A Griffin - Director

1.	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.

This is the first year that the company has presented its results under FRS 102. The last financial statements

under previous UK GAAP were for the year ended 31 May 2016. The date of transition to FRS 102 was 1 June

2015. The directors have considered whether in applying the accounting policies required by FRS102 the

restatement of comparative items was required. No restatements were required.

Turnover

Turnover represents net invoiced provision of 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.

Computer equipment

-

25% on reducing balance

All fixed assets are initially recorded at 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2016

and 31 May 2017

4,462

DEPRECIATION

At 1 June 2016

3,509

Charge for year

238

At 31 May 2017

3,747

NET BOOK VALUE

At 31 May 2017

715

At 31 May 2016

953

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

12,636

-

Prepayments and accrued income

674

-

13,310

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

2,543

-

VAT

4,692

-

Directors' current accounts

4,296

87

Accruals and deferred income

1,113

359

12,644

446

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100