SSE Commercial Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04400133 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015

for

SSE Commercial Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S Silvester

Mrs C P Nelson

Mr C M Nelson

Mr T Silvester

SECRETARY:

Mrs C P Nelson

REGISTERED OFFICE:

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

REGISTERED NUMBER:

04400133 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

FIXED ASSETS

Tangible assets

2

146,479

105,863

CURRENT ASSETS

Debtors

3

729,325

403,266

Cash at bank

290,602

88,129

1,019,927

491,395

CREDITORS

Amounts falling due within one year

4

674,050

347,144

NET CURRENT ASSETS

345,877

144,251

TOTAL ASSETS LESS CURRENT LIABILITIES

492,356

250,114

CREDITORS

Amounts falling due after more than one year

4

(41,464

)

(35,961

)

PROVISIONS FOR LIABILITIES

(26,311

)

(17,582

)

NET ASSETS

424,581

196,571

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

424,481

196,471

SHAREHOLDERS' FUNDS

424,581

196,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 24 July 2015 and were signed on its behalf by:

Mr C M Nelson - Director

Mr T Silvester - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

218,281

Additions

88,742

Disposals

(12,143

)

At 31 March 2015

294,880

DEPRECIATION

At 1 April 2014

112,418

Charge for year

45,244

Eliminated on disposal

(9,261

)

At 31 March 2015

148,401

NET BOOK VALUE

At 31 March 2015

146,479

At 31 March 2014

105,863

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 15,000 (2014 - £ 15,000 )

4.

CREDITORS

Creditors include an amount of £ 75,581 (2014 - £ 58,682 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100