SKETCHHILL_LIMITED - Accounts

SKETCHHILL LIMITED - Company Information

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Company Registration No. 07028836 (England and Wales)

SKETCHHILL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

SKETCHHILL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SKETCHHILL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

Current assets

Cash at bank and in hand

816

Creditors: amounts falling due within one year

(3,489)

Net current liabilities

(2,673)

Total assets less current liabilities

(2,608)

Capital and reserves

Called up share capital

100

Profit and loss account

(2,708)

Shareholders' funds

(2,608)

Audit exemption statement

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 and authorised for issue on 27 February 2015

Mrs B Marchelle

Director

Company Registration No. 07028836

SKETCHHILL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

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

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

25% Straight line

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 January 2014 & at 31 December 2014

130

Depreciation

At 1 January 2014 & at 31 December 2014

Net book value

At 31 December 2014

At 31 December 2013

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Ultimate parent company

The controlling parties are Mrs B Marchelle and Mr S Khan who each own 50% of the issued share capital.