Abbreviated Company Accounts - SOLUTIONS WORLD LIMITED

SOLUTIONS WORLD LIMITED - Company Information

04778717 SOLUTIONS WORLD LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 04778717 2013-11-01 2014-10-31 04778717 2014-10-31 04778717 2013-10-31 04778717 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 04778717 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-10-31 iso4217:GBP shares

Registered Number 04778717

SOLUTIONS WORLD LIMITED

Abbreviated Accounts

31 October 2014

SOLUTIONS WORLD LIMITED Registered Number 04778717

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	150,000	150,000
Tangible assets	3	246	246
Investments		-	-
		150,246	150,246
Current assets
Stocks		-	-
Debtors		-	-
Investments		-	-
Cash at bank and in hand		-	-
		-	-
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(207,650)	(207,650)
Net current assets (liabilities)		(207,650)	(207,650)
Total assets less current liabilities		(57,404)	(57,404)
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(57,404)	(57,404)
Capital and reserves
Called up share capital	4	99	99
Share premium account		14,901	14,901
Revaluation reserve		150,000	150,000
Other reserves		0	0
Profit and loss account		(222,404)	(222,404)
Shareholders' funds		(57,404)	(57,404)

For the year ending 31 October 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 directors acknowledge their 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 Board on 18 February 2015

And signed on their behalf by:
Andrew Walsham, Director

SOLUTIONS WORLD LIMITED Registered Number 04778717

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life as follows:
Computer Equipment -33% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

Other accounting policies
Cash Flow Statement
Under FRS 1, the company is exempt from the requirement to prepare a cash flow statement on the grounds that a parent undertaking includes the company in its own published consolidated financial statements.

Related Party Transactions
As the company is ultimately a wholly owned subsidiary of First Resource Limited, the company has taken advantage of the exemption contained in FRS 8 and has, therefore, not disclosed transactions or balances with entities which form part of the group (or investees of the group qualifying as related parties). The consolidated financial statements of First Resource Limited, within which this company is included, can be obtained from Cotswold House, 1 Crompton Road, Swindon, SN25 5AW.

2Intangible fixed assets

	£
Cost
At 1 November 2013	150,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	150,000
Amortisation
At 1 November 2013	-
Charge for the year	-
On disposals	-
At 31 October 2014	-
Net book values
At 31 October 2014	150,000
At 31 October 2013	150,000

3Tangible fixed assets

	£
Cost
At 1 November 2013	732
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	732
Depreciation
At 1 November 2013	486
Charge for the year	-
On disposals	-
At 31 October 2014	486
Net book values
At 31 October 2014	246
At 31 October 2013	246

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
66 A Ordinary shares of £1 each	66	66
33 B Ordinary shares of £1 each	33	33