Silicon Brain Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04306219 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

Silicon Brain Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Elson

SECRETARY:

SJD Secretaries Ltd

REGISTERED OFFICE:

Flat B 26 Cross Street

Reading

Berkshire

RG1 1SN

REGISTERED NUMBER:

04306219 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

3000 Cathedral Hill

Guildford

Surrey

GU2 7YB

FIXED ASSETS

Intangible assets

2

10,302

4,791

Tangible assets

3

3,900

4,601

14,202

9,392

CURRENT ASSETS

Debtors

18,493

18,163

Cash at bank

67,909

90,672

86,402

108,835

CREDITORS

Amounts falling due within one year

16,606

31,548

NET CURRENT ASSETS

69,796

77,287

TOTAL ASSETS LESS CURRENT LIABILITIES

83,998

86,679

PROVISIONS FOR LIABILITIES

593

692

NET ASSETS

83,405

85,987

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

83,404

85,986

SHAREHOLDERS' FUNDS

83,405

85,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 August 2015 and were signed by:

P Elson - 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 services, exclusive of 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

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.

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 December 2013

9,666

Additions

8,945

At 30 November 2014

18,611

AMORTISATION

At 1 December 2013

4,875

Amortisation for year

3,434

At 30 November 2014

8,309

NET BOOK VALUE

At 30 November 2014

10,302

At 30 November 2013

4,791

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

25,826

Additions

598

At 30 November 2014

26,424

DEPRECIATION

At 1 December 2013

21,225

Charge for year

1,299

At 30 November 2014

22,524

NET BOOK VALUE

At 30 November 2014

3,900

At 30 November 2013

4,601

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

1

Ordinary

£1

1

1