Company Registration No. 08885304 (England and Wales)
SUMSAM SOLUTIONS LIMITED
Annual report and unaudited accounts
for the year ended 28 February 2017
SUMSAM SOLUTIONS LIMITED
Annual report and unaudited accounts
Contents
SUMSAM SOLUTIONS LIMITED
Company Information
for the year ended 28 February 2017
Director
MR NAZIR ALI KHAN
Company Number
08885304 (England and Wales)
Registered Office
CITY GATE HOUSE 25 MOAT LANE
CITY CENTRE
BIRMINGHAM
B5 5BD
UNITED KINGDOM
SUMSAM SOLUTIONS LIMITED
Statement of financial position
as at
28 February 2017
Tangible assets
4,126
832
Cash at bank and in hand
18,656
16,208
Creditors: amounts falling due within one year
-
(2,855)
Net current assets
35,806
27,703
Total assets less current liabilities
39,932
28,535
Creditors: amounts falling due after more than one year
(62,760)
(62,845)
Net liabilities
(22,828)
(34,310)
Called up share capital
100
100
Profit and loss account
(22,928)
(34,410)
Shareholders' funds
(22,828)
(34,310)
For the year ending 28 February 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 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.
Approved by the Board on 29 March 2017.
MR NAZIR ALI KHAN
Director
Company Registration No. 08885304
SUMSAM SOLUTIONS LIMITED
Statement of Changes in Equity
as at
28 February 2017
Share
capital
Profit
& loss
account
Total
At 1 March 2015
100
(17,892)
(17,792)
Loss for the year
(16,518)
(16,518)
At 29 February 2016
100
(34,410)
(34,310)
At 1 March 2016
100
(34,410)
(34,310)
Profit for the year
11,482
11,482
At 28 February 2017
100
(22,928)
(22,828)
SUMSAM SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 28 February 2017
SUMSAM SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08885304. The registered office and principal place of business is CITY GATE HOUSE 25 MOAT LANE, CITY CENTRE, BIRMINGHAM, B5 5BD, UNITED KINGDOM.
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 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2016.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% RB
Computer equipment
20% RB
SUMSAM SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 28 February 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2016
600
700
1,300
Additions
2,326
2,000
4,326
At 28 February 2017
2,926
2,700
5,626
At 1 March 2016
216
252
468
Charge for the year
542
490
1,032
At 28 February 2017
758
742
1,500
At 28 February 2017
2,168
1,958
4,126
At 29 February 2016
384
448
832
Accrued income and prepayments
2,800
-
Other debtors
14,350
14,350
6
Creditors: amounts falling due within one year
2017
2016
Other taxes and social security costs
-
2,205
7
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
62,760
62,845
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 0 (2016: 0).