SimAMTech Solutions Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08558716 (England and Wales)

SIMAMTECH SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mr A Simpson

REGISTERED OFFICE:

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

08558716 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

CURRENT ASSETS

Debtors

6

16,894

8,166

Cash at bank

25,413

13,430

42,307

21,596

CREDITORS

Amounts falling due within one year

7

(19,440

)

(21,591

)

NET CURRENT ASSETS

22,867

5

TOTAL ASSETS LESS CURRENT LIABILITIES

22,867

5

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

22,865

3

SHAREHOLDERS' FUNDS

22,867

5

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 March 2018 and were signed by:

Mr A Simpson - Director

1.	STATUTORY INFORMATION

SimAMTech 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2016

and 30 June 2017

2,385

DEPRECIATION

At 1 July 2016

and 30 June 2017

2,385

NET BOOK VALUE

At 30 June 2017

-

At 30 June 2016

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,980

-

Other debtors

2,131

1,948

Directors' current accounts

6,783

6,218

16,894

8,166

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

14,258

18,408

PAYE/NI control

-

102

VAT

5,182

3,081

19,440

21,591

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 July 2016

3

Profit for the year

56,287

Dividends

(33,425

)

At 30 June 2017

22,865

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from

those of the company in an independently administered fund. The pension cost charge represents contributions

payable by the company to the fund and amounted to £3,000 (2016 - £3,000).

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2017 and

30 June 2016:

2017

2016

£

£

Mr A Simpson

Balance outstanding at start of year

6,218

(1,979

)

Amounts advanced

7,375

8,197

Amounts repaid

(6,810

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,783

6,218

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Simpson.