REGISTERED NUMBER:
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts |
|
for the Year Ended 31 March 2016 |
|
for |
|
Sultan Scientific Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts |
|
for the Year Ended 31 March 2016 |
|
for |
|
Sultan Scientific Limited |
Sultan Scientific Limited (Registered number: 05391572) |
|
|
|
|
|
|
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 4 |
|
Chartered Certified Accountants' Report | 7 |
Sultan Scientific Limited |
|
Company Information |
for the Year Ended 31 March 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
|
|
|
|
|
Sultan Scientific Limited (Registered number: 05391572) |
|
Abbreviated Balance Sheet |
31 March 2016 |
|
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
Investments | 3 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
|
|
NET ASSETS |
|
|
Sultan Scientific Limited (Registered number: 05391572) |
|
Abbreviated Balance Sheet - continued |
31 March 2016 |
|
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 5 |
|
|
Share premium |
|
|
Profit and loss account | ( |
) |
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
|
|
|
|
The financial statements were approved by the Board of Directors on
its behalf by: |
|
|
|
|
|
|
|
Sultan Scientific Limited (Registered number: 05391572) |
|
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
|
1. | ACCOUNTING POLICIES |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by |
the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective January 2015). |
|
Preparation of consolidated financial statements |
The financial statements contain information about Sultan Scientific Limited as an individual |
company and do not contain consolidated financial information as the parent of a group. The |
company has taken the option under Section 398 of the Companies Act 2006 not to prepare |
consolidated financial statements. |
|
Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right |
to consideration and is recorded at the value of the consideration due. Where a contract has only |
been partially completed at the balance sheet date turnover represents the value of the service |
provided to date based on a proportion of the total expected consideration at completion. Where |
payments are received from customers in advance of services provided, the amounts are recorded |
as Deferred Income and included as part of Creditors due within one year. |
|
Tangible fixed assets |
|
|
Plant and machinery | - |
|
|
Web site development costs are released to the profit and loss account, in line with the revenue |
generated from the web site's operation. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which they |
relate. |
|
Going concern |
The accounts have been drawn up on a going concern basis. Of the company's liabilities, £117,420 is |
owed to Dr M J Hudson, a director and shareholder of the company. Dr Hudson has agreed not to |
demand repayment of this amount for at least one year after the balance sheet signing date. |
|
If the going concern basis were not appropriate, adjustments would have to be made to reduce the |
value of assets to their recoverable amount to provide for any further liabilities that might arise and |
to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
Sultan Scientific Limited (Registered number: 05391572) |
|
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
|
DEPRECIATION |
At 1 April 2015 |
and 31 March 2016 |
|
NET BOOK VALUE |
At 31 March 2016 |
|
At 31 March 2015 |
|
|
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST OR VALUATION |
At 1 April 2015 | 2,759,999 |
Disposals | (182,256 | ) |
At 31 March 2016 | 2,577,743 |
NET BOOK VALUE |
At 31 March 2016 |
|
At 31 March 2015 |
|
|
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
|
Associated company |
|
|
Nature of business:
|
% |
Class of shares: | holding |
Ordinary | 18.00 |
C | 0.05 |
Sultan Scientific Limited (Registered number: 05391572) |
|
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
|
3. | FIXED ASSET INVESTMENTS - continued |
Loans |
£ |
At 1 April 2015 | 159,876 |
Additions | 1,776 |
Disposals | (161,652 | ) |
At 31 March 2016 | - |
|
4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
The aggregate total of debtors falling due after more than one year is £
|
|
5. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
|
Ordinary | £1 |
|
|
|
6. | ULTIMATE CONTROLLING PARTY |
|
There is no ultimate controlling party of the company. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Sultan Scientific Limited |
|
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages two to six) have been prepared. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Sultan Scientific Limited for the year ended 31 March 2016 which |
comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's |
accounting records and from information and explanations you have given us. |
|
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
|
This report is made solely to the Board of Directors of Sultan Scientific Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sultan Scientific Limited and state those matters that we have agreed to state to the Board of Directors of Sultan Scientific Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Sultan Scientific Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sultan Scientific Limited. You consider that Sultan Scientific Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Sultan Scientific Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Certified Accountants |
|
|
|
|
|
|
|
31 March 2017 |