Company Registration No. 07636385 (England and Wales)
STATECH SOLUTIONS LIMITED
Unaudited accounts
for the year ended 31 August 2017
STATECH SOLUTIONS LIMITED
Unaudited accounts
Contents
STATECH SOLUTIONS LIMITED
Company Information
for the year ended 31 August 2017
Company Number
07636385 (England and Wales)
Registered Office
UNIT 4 RAILWAY LANE IND EST
RAILWAY LANE SUTTON BRIDGE
SPALDING
LINCOLNSHIRE
PE12 9UN
Accountants
ALMS Limited
12 Orchard Drive
West Walton
Cambs
PE14 7EZ
STATECH SOLUTIONS LIMITED
Accountants' report
Accountants' report to the director of STATECH SOLUTIONS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
STATECH SOLUTIONS LIMITED for the year ended
31 August 2017 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of STATECH SOLUTIONS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of STATECH SOLUTIONS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STATECH SOLUTIONS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that STATECH SOLUTIONS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of STATECH SOLUTIONS LIMITED. You consider that STATECH SOLUTIONS 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 accounts of STATECH SOLUTIONS 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 accounts.
ALMS Limited
12 Orchard Drive
West Walton
Cambs
PE14 7EZ
3 January 2018
STATECH SOLUTIONS LIMITED
Statement of financial position
as at
31 August 2017
Tangible assets
53,223
54,601
Cash at bank and in hand
121,670
24,425
Creditors: amounts falling due within one year
(93,930)
(80,773)
Net current assets
138,665
98,545
Net assets
191,888
153,146
Called up share capital
100
100
Profit and loss account
191,788
153,046
Shareholders' funds
191,888
153,146
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 3 January 2018.
Andrew Lomas
Director
Company Registration No. 07636385
STATECH SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 August 2017
STATECH SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07636385. The registered office is UNIT 4 RAILWAY LANE IND EST, RAILWAY LANE SUTTON BRIDGE, SPALDING, LINCOLNSHIRE, PE12 9UN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
STATECH SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2016
45,987
73,368
119,355
Additions
2,367
17,485
19,852
Revaluations
-
(11,013)
(11,013)
At 31 August 2017
48,354
79,840
128,194
At 1 September 2016
32,826
31,928
64,754
Charge for the year
3,882
13,859
17,741
On disposals
-
(7,524)
(7,524)
At 31 August 2017
36,708
38,263
74,971
At 31 August 2017
11,646
41,577
53,223
At 31 August 2016
13,161
41,440
54,601
Finished goods
3,100
3,100
Trade debtors
104,033
108,001
Other debtors
3,792
43,792
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
-
361
Trade creditors
45,342
19,615
Taxes and social security
36,654
33,421
Other creditors
1,222
15,524
Loans from directors
10,712
11,852
8
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 5 (2016: 4).