SOMCOM Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04288069 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

SOMCOM Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D P Turner

A J Turner

T W Turner

SECRETARY:

Mrs K M Turner

REGISTERED OFFICE:

The Island House

Midsomer Norton

Radstock

Somerset

BA3 2DZ

REGISTERED NUMBER:

04288069 (England and Wales)

ACCOUNTANTS:

King Watkins Ltd

The Island House

Midsomer Norton

Radstock

Somerset

BA3 2DZ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,538

2,417

1,538

2,417

CURRENT ASSETS

Debtors

133,288

81,334

Cash at bank and in hand

7,441

18,235

140,729

99,569

CREDITORS

Amounts falling due within one year

60,476

75,227

NET CURRENT ASSETS

80,253

24,342

TOTAL ASSETS LESS CURRENT LIABILITIES

81,791

26,759

CAPITAL AND RESERVES

Called up share capital

4

1,021

Share premium

798

Profit and loss account

79,972

24,940

SHAREHOLDERS' FUNDS

81,791

26,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 July 2014 and were signed on its behalf by:

A J Turner - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% residual value, 4 yrs straight line

Computer equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to

the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

10,000

AMORTISATION

At 1 November 2012

and 31 October 2013

10,000

NET BOOK VALUE

At 31 October 2013

-

At 31 October 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

48,752

DEPRECIATION

At 1 November 2012

46,335

Charge for year

879

At 31 October 2013

47,214

NET BOOK VALUE

At 31 October 2013

1,538

At 31 October 2012

2,417

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

1,000

A Ordinary

£1

1,000

21

B Ordinary

£1

21

1,021

5.	RELATED PARTY DISCLOSURES

Mr A Turner, Mr T Turner and Mr D Turner are also directors of Joinerysoft Ltd.

During the year, Somcom Ltd invoiced Joinerysoft Ltd £68,640 (2012: £68,471). As at the year end, Joinerysoft Ltd owed Somcom Ltd

£59,381 (2012: £37,135).

As at the year end Somcom owed Joinerysoft £2,768 (2012: £18,403).

The company trades from premises owned by the directors and paid rent of £14,350 (2012: £11,500) during the year.

SOMCOM Ltd - Limited company - abbreviated - 11.0.0

SOMCOM Ltd - Limited company - abbreviated - 11.0.0