Abbreviated Company Accounts - SOAR INVESTMENTS (C C) LTD

Abbreviated Company Accounts - SOAR INVESTMENTS (C C) LTD

SOAR INVESTMENTS (C C) LTD - Company Information

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Registered Number 04977842

SOAR INVESTMENTS (C C) LTD

Abbreviated Accounts

30 November 2013

SOAR INVESTMENTS (C C) LTD Registered Number 04977842

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 739,519 867,311
739,519 867,311
Current assets
Stocks 1,500 1,500
Debtors 109,757 120,824
Cash at bank and in hand 702,112 479,402
813,369 601,726
Creditors: amounts falling due within one year (769,492) (849,481)
Net current assets (liabilities) 43,877 (247,755)
Total assets less current liabilities 783,396 619,556
Creditors: amounts falling due after more than one year (160,448) (160,448)
Total net assets (liabilities) 622,948 459,108
Capital and reserves
Called up share capital 101 101
Profit and loss account 622,847 459,007
Shareholders' funds 622,948 459,108
  • For the year ending 30 November 2013 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 2 June 2014

And signed on their behalf by:
Mrs Y Chagani, Director

SOAR INVESTMENTS (C C) LTD Registered Number 04977842

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 20% on written down value

Valuation information and policy
Stock is valued at the lower of cost and net realisable value

2Tangible fixed assets
£
Cost
At 1 December 2012 1,601,275
Additions 47,640
Disposals -
Revaluations -
Transfers -
At 30 November 2013 1,648,915
Depreciation
At 1 December 2012 733,964
Charge for the year 175,432
On disposals -
At 30 November 2013 909,396
Net book values
At 30 November 2013 739,519
At 30 November 2012 867,311