Company Registration No. 04203735 (England and Wales)
SYNTONIC KITCHEN TECHNICIANS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
SYNTONIC KITCHEN TECHNICIANS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SYNTONIC KITCHEN TECHNICIANS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,874
14,697
Current assets
Debtors
311,517
226,399
Cash at bank and in hand
4,244
16,510
315,761
242,909
Creditors: amounts falling due within one year
(307,283)
(232,782)
Net current assets
8,478
10,127
Total assets less current liabilities
23,352
24,824
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
23,351
24,823
Shareholders' funds
23,352
24,824
For the financial year ended 31 October 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 her 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 24 July 2017
J M Etchells
Director
Company Registration No. 04203735
SYNTONIC KITCHEN TECHNICIANS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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:
Fixtures, fittings & equipment
25% straight line
Motor vehicles
25% straight line
1.5
Continuing financial support
The financial statements have been prepared using the going concern principle. The financial statements show that net liabilities exceed the net assets. The company is therefore relying on its creditors. No adjustment has been made to reclassify the net liabilities on the basis that the support will not be withdrawn. The directors consider the going conern principle to be appropriate.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015
67,341
Additions
3,624
At 31 October 2016
70,965
Depreciation
At 1 November 2015
52,646
Charge for the year
3,445
At 31 October 2016
56,091
Net book value
At 31 October 2016
14,874
At 31 October 2015
14,697
SYNTONIC KITCHEN TECHNICIANS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1