Silversurfing Limited - Period Ending 2014-07-31

Registration number: 08141798

Silversurfing Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014
 

EJBC Chartered Accountants
The Rectory, 1 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

Silversurfing Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Silversurfing Limited
for the Year Ended 31 July 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Silversurfing Limited for the year ended 31 July 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Silversurfing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Silversurfing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silversurfing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Silversurfing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Silversurfing Limited. You consider that Silversurfing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Silversurfing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EJBC Chartered Accountants
The Rectory, 1 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

21 April 2015

Page 1

Silversurfing Limited
(Registration number: 08141798)
Abbreviated Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					169,755			98,862
Current assets
Cash at bank and in hand					10,221			1,586
Creditors: Amounts falling due within one year					(420)			-
Net current assets					9,801			1,586
Total assets less current liabilities					179,556			100,448
Creditors: Amounts falling due after more than one year					(207,549)			(113,749)
Net liabilities					(27,993)			(13,301)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(27,995)			(13,303)
Shareholders' deficit					(27,993)			(13,301)

For the year ending 31 July 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 21 April 2015 and signed on its behalf by:

.........................................
Ms Shenis Hassan
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Silversurfing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valulation, less any estimated residual value, over the useful economic life of the asset as follows:

Asset class	Depreciation method and rate
Computer equipment	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2013		98,862			98,862
Additions		71,101			71,101
At 31 July 2014		169,963			169,963
Depreciation
Charge for the year		208			208
At 31 July 2014		208			208
Net book value
At 31 July 2014		169,755			169,755
At 31 July 2013		98,862			98,862

Page 3

Silversurfing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4