Abbreviated Company Accounts - SELBERG CO.LIMITED

SELBERG CO.LIMITED - Company Information

00612358 SELBERG CO.LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00612358 2013-04-01 2014-03-31 00612358 2014-03-31 00612358 2013-03-31 00612358 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00612358 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 00612358

SELBERG CO.LIMITED

Abbreviated Accounts

31 March 2014

SELBERG CO.LIMITED Registered Number 00612358

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	331,492	331,492
Investments	3	10	10
		331,502	331,502
Current assets
Debtors		6,975	6,975
		6,975	6,975
Creditors: amounts falling due within one year		(334,113)	(334,023)
Net current assets (liabilities)		(327,138)	(327,048)
Total assets less current liabilities		4,364	4,454
Total net assets (liabilities)		4,364	4,454
Capital and reserves
Called up share capital	4	100	100
Other reserves		9,680	9,680
Profit and loss account		(5,416)	(5,326)
Shareholders' funds		4,364	4,454

For the year ending 31 March 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 30 March 2015

And signed on their behalf by:
DWORA FELDMAN, Director

SELBERG CO.LIMITED Registered Number 00612358

Notes to the Abbreviated Accounts for the period ended 31 March 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
All fixed assets are initially recorded at cost.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 April 2013	331,492
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	331,492
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	331,492
At 31 March 2013	331,492

Fixed assets

All fixed assets are initially recorded at cost.

3Fixed assets Investments
Investment is shares in UK company.

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100