Company Registration No. 08272735 (England and Wales)
SGA TRAINING & DEVELOPMENT LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
SGA TRAINING & DEVELOPMENT LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SGA TRAINING & DEVELOPMENT LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
16,881
4,829
Current assets
Debtors
3,276
3,073
Cash at bank and in hand
2,843
4,602
6,119
7,675
Creditors: amounts falling due within one year
(4,857)
(3,298)
Net current assets
1,262
4,377
Total assets less current liabilities
18,143
9,206
Creditors: amounts falling due after more than one year
(9,000)
-
9,143
9,206
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
9,142
9,205
Shareholders' funds
9,143
9,206
For the financial year ended 31 October 2015 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 his 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 21 July 2016
Mr C Gray
Director
Company Registration No. 08272735
SGA TRAINING & DEVELOPMENT LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 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 April 2008).
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:
Computer equipment
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
7,352
Additions
17,679
At 31 October 2015
25,031
Depreciation
At 1 November 2014
2,523
Charge for the year
5,627
At 31 October 2015
8,150
Net book value
At 31 October 2015
16,881
At 31 October 2014
4,829
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1