SAnDS Business Solutions Ltd - Period Ending 2014-03-31

Registration number: 05725338

SAnDS Business Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

MG Group (Professional Services) Ltd
Chartered Accountants
Audit House
260 Field End Road
Eastcote
Middlesex
HA4 9LT

SAnDS Business Solutions Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
SAnDS Business Solutions Ltd
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SAnDS Business Solutions Ltd for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of SAnDS Business Solutions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SAnDS Business Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAnDS Business Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SAnDS Business Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SAnDS Business Solutions Ltd. You consider that SAnDS Business Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SAnDS Business Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MG Group (Professional Services) Ltd
Chartered Accountants
Audit House
260 Field End Road
Eastcote
Middlesex
HA4 9LT

18 December 2014

Page 1

SAnDS Business Solutions Ltd
(Registration number: 05725338)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					11,806			12,267
Current assets
Debtors					120,439			4,492
Cash at bank and in hand					413,883			317,243
					534,322			321,735
Creditors: Amounts falling due within one year					(104,094)			(63,001)
Net current assets					430,228			258,734
Net assets					442,034			271,001
Capital and reserves
Called up share capital		3			50			50
Capital redemption reserve					50			50
Profit and loss account					441,934			270,901
Shareholders' funds					442,034			271,001

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 18 December 2014

.........................................
Mr Sean Alty
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

SAnDS Business Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Office equipment	25% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		41,715			41,715
Additions		3,474			3,474
At 31 March 2014		45,189			45,189
Depreciation
At 1 April 2013		29,448			29,448
Charge for the year		3,935			3,935
At 31 March 2014		33,383			33,383
Net book value
At 31 March 2014		11,806			11,806
At 31 March 2013		12,267			12,267

Page 3

SAnDS Business Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		50			50			50			50

4	Related party transactions

Other related party transactions
 
During the year the company made the following related party transactions:

Mr Sean Alty
(Director)
At the balance sheet date the amount due (to)/from Mr Sean Alty was £nil (2013 - £2,244).

Page 4