Company Registration No. 04185529 (England and Wales)
SKY ROCKET COMMS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
SKY ROCKET COMMS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SKY ROCKET COMMS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
300,000
-
Cash at bank and in hand
91,805
2
391,805
2
Creditors: amounts falling due within one year
(390,953)
-
Total assets less current liabilities
852
2
Capital and reserves
Called up share capital
2
8
2
Profit and loss account
844
-
Shareholders' funds
852
2
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 15 December 2016
Mr John Sammon
Director
Company Registration No. 04185529
SKY ROCKET COMMS LTD
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
The Company has created a trust whose beneficiaries will include employees of the company and their
dependents. Assets held under this trust will be controlled by trustees who will be acting independently and
entirely at their own discretion.
Where assets are held in the trust and these are considered by the Company to be in respect of services
already provided by employees to the Company, the Company will account for these as assets of the Company
until the earlier of it no longer having de facto control of these assets and it not obtaining future economic
benefit from these assets. The value transferred will be charged in the Company's profit and loss account for
the year to which it relates.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
2 Ordinary B of £1 each
2
-
2 Ordinary C of £1 each
2
-
2 Ordinary D of £1 each
2
-
8
2
The following shares were issued during the year for cash at par:
2 Ordinary B shares of £1
2 Ordinary C shares of £1
2 Ordinary D shares of £1
The rights associated with the different classes of shares are as follows:
Ordinary - Full voting rights and full entitlement to profit and capital distribution
Ordinary B - Full voting rights and full entitlement to profit and capital distribution
Ordinary C - Full voting rights and full entitlement to profit and capital distribution
Ordinary D - Full voting rights and full entitlement to profit and capital distribution