Company Registration No. 06590996 (England and Wales)
SEBOPHONIC LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2014
SEBOPHONIC LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SEBOPHONIC LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
975
1,425
Current assets
Stocks
3,125
Debtors
9,720
4,106
Cash at bank and in hand
74,405
71,367
87,250
75,473
Creditors: amounts falling due within one year
(66,772)
(61,544)
Net current assets
20,478
13,929
Total assets less current liabilities
21,453
15,354
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
21,353
15,254
Shareholders' funds
21,453
15,354
For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 .........................
2015-02-17
..............................
S Frost
Director
Company Registration No. 06590996
SEBOPHONIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014
- 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2013 & at 31 May 2014
1,800
Depreciation
At 1 June 2013
375
Charge for the year
450
At 31 May 2014
825
Net book value
At 31 May 2014
975
At 31 May 2013
1,425
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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