SINDBADS_LIMITED - Accounts

THE OLIVE (RP) LIMITED - Company Information

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Company Registration No. 04888811 (England and Wales)

SINDBADS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

SINDBADS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SINDBADS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

198,067

210,506

Current assets

Stocks

1,056

6,500

Debtors

1,815

3,225

Cash at bank and in hand

29,884

19,211

32,755

28,936

Creditors: amounts falling due within one year

(697,694)

(685,039)

Net current liabilities

(664,939)

(656,103)

Total assets less current liabilities

(466,872)

(445,597)

Capital and reserves

Called up share capital

Profit and loss account

(466,873)

(445,598)

Shareholders' funds

(466,872)

(445,597)

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 members have 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 21 August 2015

Mr A Patel

Director

Company Registration No. 04888811

SINDBADS 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).

These accounts have been prepared on a going concern basis on the director's written confirmation of his continued personal support and that of the other companies under his control. The director has given an undertaking that he will not withdraw amounts out of his current account until the company is in a much healthier situation.

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:

Land and buildings Leasehold

Over the leasehold period

Fixtures, fittings & equipment

20% on reducing value.

Fixed assets

Tangible assets

Cost

At 1 January 2014

397,615

Additions

3,523

At 31 December 2014

401,138

Depreciation

At 1 January 2014

187,108

Charge for the year

15,963

At 31 December 2014

203,071

Net book value

At 31 December 2014

198,067

At 31 December 2013

210,506

SINDBADS 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

1 Ordinary Shares of £1 each