Registration number:
Unaudited Abbreviated Accounts
for the Period from
Sumographics Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sumographics Ltd
for the Period Ended 31 August 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sumographics Ltd for the period ended 31 August 2016 set out on pages 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/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of Sumographics Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sumographics Ltd and state those matters that we have agreed to state to them, 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sumographics Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sumographics Ltd 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 Sumographics Ltd. You consider that Sumographics Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Sumographics Ltd. 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.
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Redwoods
Chartered Certified Accountants
2 Clyst Works,
Clyst Road, Topsham
Exeter
EX3 0DB
21 January 2017
Sumographics Ltd
(Registration number: 9715951)
Abbreviated Balance Sheet at 31 August 2016
Note |
31 August 2016
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
.........................................
Mrs Angela Jones
Director
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Mr Philip Jason Stansfield
Director
2
Sumographics Ltd
Notes to the Abbreviated Accounts for the Period from 4 August 2015 to 31 August 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Hire purchase and leasing
Financial instruments
Sumographics Ltd
Notes to the Abbreviated Accounts for the Period from 4 August 2015 to 31 August 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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Additions |
4,000 |
5,442 |
9,442 |
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At 31 August 2016 |
4,000 |
5,442 |
9,442 |
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Depreciation |
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Charge for the period |
800 |
1,361 |
2,161 |
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At 31 August 2016 |
800 |
1,361 |
2,161 |
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Net book value |
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At 31 August 2016 |
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Share capital |
Allotted, called up and fully paid shares
31 August 2016 |
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No. |
£ |
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New shares allotted
During the period
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Related party transactions |
Directors' advances and credits |
4 August 2015 to 31 August 2016 |
4 August 2015 to 31 August 2016 |
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Mr Philip Jason Stansfield |
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