Saturn Interiors Limited - Limited company accounts 11.7

REGISTERED NUMBER: 04256057 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2014

for

Saturn Interiors Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S Pickard

Saturn Projects Group Limited

SECRETARY:

S Pickard

REGISTERED OFFICE:

The West Wing

1,Glass Quay

Temple Quay

Bristol

BS2 0EL

REGISTERED NUMBER:

04256057 (England and Wales)

ACCOUNTANTS:

Create Accountancy Solutions Limited

The West Wing

I Glass Wharf

Temple Quay

Bristol

BS2 0EL

The directors present their report with the financial statements of the company for the year ended 31 December 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2014 to the

date of this report.

S Pickard

Saturn Projects Group Limited

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Pickard - Director

18 June 2015

TURNOVER

-

Administrative expenses

139

140

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

(139

)

(140

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(139

)

(140

)

FIXED ASSETS

Tangible assets

4

20

39

CURRENT ASSETS

Cash at bank

79

99

CREDITORS

Amounts falling due within one year

5

11,837

11,737

NET CURRENT LIABILITIES

(11,758

)

(11,638

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,738

)

(11,599

)

CAPITAL AND RESERVES

Called up share capital

6

1,000

Profit and loss account

7

(12,738

)

(12,599

)

SHAREHOLDERS' FUNDS

(11,738

)

(11,599

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 18 June 2015 and were signed on
its behalf by:

S Pickard - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% 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.

2.	OPERATING LOSS

The operating loss is stated after charging:

31.12.14

31.12.13

£

Depreciation - owned assets

19

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2014

nor for the year ended 31 December 2013.

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2014

and 31 December 2014

4,928

DEPRECIATION

At 1 January 2014

4,889

Charge for year

19

At 31 December 2014

4,908

NET BOOK VALUE

At 31 December 2014

20

At 31 December 2013

39

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

Trade creditors

1

Amounts owed to group undertakings

11,836

11,736

11,837

11,737

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

1,000

Ordinary

£1

1,000

7.

RESERVES

Profit

and loss

account

£

At 1 January 2014

(12,599

)

Deficit for the year

(139

)

At 31 December 2014

(12,738

)

8.	ULTIMATE PARENT COMPANY

The ultimate parent company is Saturn Projects Group Limited.

9.	RELATED PARTY DISCLOSURES

At the Balance sheet date, Saturn Interiors Limited owed Saturn Projects Group Limited £2,212

(2012: £2,112) and Saturn Projects Limited £9,524 (2011: £9,424), companies under the common

control of its directors S Pickard and A Winterbottom.

10.	GOING CONCERN

These accounts have been prepared on a going concern basis. This basis may no longer be

appropriate and the Company continues to rely on the support of the Directors.