Company Registration No. 00931500 (England and Wales)
STOAKES SYSTEMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
STOAKES SYSTEMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
STOAKES SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
23,289
74,876
Cash at bank and in hand
38,356
5,126
61,645
80,002
Creditors: amounts falling due within one year
(11,362)
(27,349)
Total assets less current liabilities
50,283
52,653
Capital and reserves
Called up share capital
2
50,000
50,000
Profit and loss account
283
2,653
Shareholders' funds
50,283
52,653
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 October 2016
Mrs E Stoakes
Mr R Stoakes
Director
Director
Company Registration No. 00931500
STOAKES SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Short term contracts are valued at the lower of cost and net realisable value. Cost includes an appropriate element of related overheads.
Turnover which excludes value added tax represents increases in valuations on ongoing contracts in addition to completed contracts at which point the profit is recognised.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
37,500 'A' Ordinary shares of £1 each
37,500
37,500
12,500 'B' Ordinary Shares of £1 each
12,500
12,500
50,000
50,000