SUMMERSAULT_COMMUNICATION - Accounts

MADE BY SONDER LIMITED - Company Information

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Company Registration No. 03839151 (England and Wales)

SUMMERSAULT COMMUNICATIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

SUMMERSAULT COMMUNICATIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SUMMERSAULT COMMUNICATIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

40,104

37,405

Current assets

Debtors

295,259

445,306

Cash at bank and in hand

159,885

4,269

455,144

449,575

Creditors: amounts falling due within one year

(251,699)

(253,245)

Net current assets

203,445

196,330

Total assets less current liabilities

243,549

233,735

243,549

233,735

Capital and reserves

Called up share capital

Profit and loss account

243,547

233,733

Shareholders' funds

243,549

233,735

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 September 2015

Mr S J Chappell

Director

Company Registration No. 03839151

SUMMERSAULT COMMUNICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% to 33% straight line

Fixed assets

Tangible assets

Cost

At 1 January 2014

378,847

Additions

26,059

At 31 December 2014

404,906

Depreciation

At 1 January 2014

341,441

Charge for the year

23,361

At 31 December 2014

364,802

Net book value

At 31 December 2014

40,104

At 31 December 2013

37,405

SUMMERSAULT COMMUNICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

Ultimate parent company

The ultimate parent company is Summersault Two Limited, a company registered in England and Wales.