Company Registration No. 04181861 (England and Wales)
SIGMAN NORTH LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
SIGMAN NORTH LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SIGMAN NORTH LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,000
6,230
Current assets
Debtors
19,976
6,002
Cash at bank and in hand
11,237
22,910
31,213
28,912
Creditors: amounts falling due within one year
(18,707)
(15,567)
Net current assets
12,506
13,345
Total assets less current liabilities
18,506
19,575
Provisions for liabilities
(1,200)
(1,246)
17,306
18,329
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
17,296
18,319
Shareholders' funds
17,306
18,329
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.
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 12 September 2016
N D Wakefield
Director
Company Registration No. 04181861
SIGMAN NORTH 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
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:
Computer equipment
33% on reducing balance
Office equipment
25% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
19,048
Additions
2,603
At 31 March 2016
21,651
Depreciation
At 1 April 2015
12,818
Charge for the year
2,833
At 31 March 2016
15,651
Net book value
At 31 March 2016
6,000
At 31 March 2015
6,230
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary of £1 each
10
10