Callidis Solution Design Limited - Period Ending 2014-08-31

Registration number: 05535494

Callidis Solution Design Limited
 
  Abbreviated Accounts
 
  for the Year Ended 31 August 2014
 

Callidis Solution Design Limited
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					2,494			3,256
Current assets
Debtors					6,297			17,083
Cash at bank and in hand					57,498			103,540
					63,795			120,623
Creditors: Amounts falling due within one year					(4,483)			(8,069)
Net current assets					59,312			112,554
Total assets less current liabilities					61,806			115,810
Provisions for liabilities					(327)			(442)
Net assets					61,479			115,368
Capital and reserves
Called up share capital		3			300			300
Profit and loss account					61,179			115,068
Shareholders' funds					61,479			115,368

For the year ending 31 August 2014 the company was entitled to exemption 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 .

These accounts were approved by the director and authorised for issue on 26 January 2015.

.........................................
 J.P. Gregory
 Director
 Company Registration Number: 05535494

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Callidis Solution Design Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014

1	Accounting policies

Basis of preparation

The full accounts, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers. In respect of contracts for on-going services, turnover represents the value of work done in the year by reference to the stage of completion.

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:

Fixtures & Fittings	3 years straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme for its director and employee. The assets of the scheme are held separately from those of the company. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Callidis Solution Design Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2013		23,672			23,672
Additions		2,164			2,164
At 31 August 2014		25,836			25,836
Depreciation
At 1 September 2013		20,416			20,416
Charge for the year		2,926			2,926
At 31 August 2014		23,342			23,342
Net book value
At 31 August 2014		2,494			2,494
At 31 August 2013		3,256			3,256

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Class 'A' shares of £1 each		170			170			170			170
Ordinary Class 'B' shares of £1 each		100			100			100			100
Ordinary Class 'C' shares of £1 each		30			30			30			30
		300			300			300			300

Page 3