Sharp Business Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC386667 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

SHARP BUSINESS SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R M A MacDonald

REGISTERED OFFICE:

58 Queens Road

Aberdeen

AB15 4YE

REGISTERED NUMBER:

SC386667 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

58 Queens Road

Aberdeen

Grampian

AB15 4YE

FIXED ASSETS

Tangible assets

2

3,825

4,126

CURRENT ASSETS

Debtors

16,557

13,582

Cash at bank

7,184

17,933

23,741

31,515

CREDITORS

Amounts falling due within one year

27,237

21,560

NET CURRENT (LIABILITIES)/ASSETS

(3,496

)

9,955

TOTAL ASSETS LESS CURRENT LIABILITIES

329

14,081

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

229

13,981

SHAREHOLDERS' FUNDS

329

14,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 February 2015 and were signed by:

R M A MacDonald - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Computer equipment

-

15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

5,102

Additions

699

Disposals

(235

)

At 31 October 2014

5,566

DEPRECIATION

At 1 November 2013

976

Charge for year

871

Eliminated on disposal

(106

)

At 31 October 2014

1,741

NET BOOK VALUE

At 31 October 2014

3,825

At 31 October 2013

4,126

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

100

Ordinary

100

100

100