Company Registration No. 03021732 (England and Wales)
SURETALK LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
SURETALK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SURETALK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,768
10,526
Current assets
Debtors
14,619
2,093
Cash at bank and in hand
44,001
7,862
58,620
9,955
Creditors: amounts falling due within one year
(45,479)
(28,803)
Net current assets/(liabilities)
13,141
(18,848)
Total assets less current liabilities
22,909
(8,322)
Provisions for liabilities
(1,846)
(1,973)
21,063
(10,295)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
21,061
(10,297)
Shareholders' funds
21,063
(10,295)
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 28 August 2015
Mr W Hall
Director
Company Registration No. 03021732
SURETALK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 April 2008).
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the balance sheet deficit. Creditors include an interest free loan from a director of £23,152 (2013 £22,881) which has no fixed repayment term. The loan has been subordinated in favour of other creditors.
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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
not amortised.
Testbed equipment
33.3% straight line.
Fixtures, fittings & equipment
20% on the reducing balance.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.5
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.
SURETALK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
92,010
Additions
433
At 31 March 2015
92,443
Depreciation
At 1 April 2014
81,484
Charge for the period
1,191
At 31 March 2015
82,675
Net book value
At 31 March 2015
9,768
At 31 March 2014
10,526
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2