S & S VENTURES LTD - Period Ending 2014-04-30

Registration number: 03968008

S & S VENTURES LTD

trading as S & S Ventures Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

Jani Taylor Associates Ltd
Chartered Accountants, Advocates and Business Advisers
Office 6a, 1st Floor
Popin Business Centre
South Way
Wembley
Gt. London
HA9 0HF

S & S VENTURES LTD
trading as S & S Ventures Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
S & S VENTURES LTD
trading as S & S Ventures Limited
for the Year Ended 30 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S & S VENTURES LTD for the year ended 30 April 2014 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of S & S VENTURES 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 S & S VENTURES LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S & S VENTURES LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that S & S VENTURES 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 S & S VENTURES LTD. You consider that S & S VENTURES LTD 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 S & S VENTURES 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.

......................................

Jani Taylor Associates Ltd
Chartered Accountants, Advocates and Business Advisers
Office 6a, 1st Floor
Popin Business Centre
South Way
Wembley
Gt. London
HA9 0HF

Date:.............................

Page 1

S & S VENTURES LTD
trading as S & S Ventures Limited
(Registration number: 03968008)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,356			1
Current assets
Debtors					12,635			19,045
Investments					198,301			198,301
Cash at bank and in hand					105,100			114,580
					316,036			331,926
Creditors: Amounts falling due within one year					(23,454)			(39,882)
Net current assets					292,582			292,044
Net assets					293,938			292,045
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					293,838			291,945
Shareholders' funds					293,938			292,045

For the year ending 30 April 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 her 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 .

Approved by the director on 12 January 2015

.........................................
Dr Nishita Thakker
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

S & S VENTURES LTD
trading as S & S Ventures Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, 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 in respect of the sale of goods and services to customers.

Depreciation

Depreciation is calculated so as to write off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	25% on straight-line basis
Office Equipment	25% on straight-line basis

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

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.

Page 3

S & S VENTURES LTD
trading as S & S Ventures Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		2,316			2,316
Additions		1,807			1,807
At 30 April 2014		4,123			4,123
Depreciation
At 1 May 2013		2,315			2,315
Charge for the year		452			452
At 30 April 2014		2,767			2,767
Net book value
At 30 April 2014		1,356			1,356
At 30 April 2013		1			1

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Share Capital of £1 each		100			100			100			100

Page 4