SR Solutions - NE Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05562174 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

SR Solutions - NE Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

D W Lodge

REGISTERED OFFICE:

10 Orchard Close

Summerfield Park

Killingworth

Newcastle Upon Tyne

NE12 6YZ

REGISTERED NUMBER:

05562174 (England and Wales)

ACCOUNTANTS:

Peter Weldon & Co. Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of SR Solutions - NE Ltd for the year ended 31 December 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of SR Solutions - NE Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SR Solutions - NE Ltd and state those matters that we have agreed to state to the director of SR Solutions - NE Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that SR Solutions - NE Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SR Solutions - NE Ltd. You consider that SR Solutions - NE Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SR Solutions - NE Ltd. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Peter Weldon & Co. Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

8 September 2015

FIXED ASSETS

Tangible assets

2

3,422

2,939

CURRENT ASSETS

Debtors

-

1,106

Cash at bank and in hand

6,783

3,395

6,783

4,501

CREDITORS

Amounts falling due within one year

5,038

3,180

NET CURRENT ASSETS

1,745

1,321

TOTAL ASSETS LESS CURRENT LIABILITIES

5,167

4,260

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

5,165

4,258

SHAREHOLDERS' FUNDS

5,167

4,260

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 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 8 September 2015 and were signed by:

D W Lodge - 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, 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.

Fixtures and fittings

-

15% on reducing balance per annum

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

9,431

Additions

1,016

At 31 December 2014

10,447

DEPRECIATION

At 1 January 2014

6,492

Charge for year

533

At 31 December 2014

7,025

NET BOOK VALUE

At 31 December 2014

3,422

At 31 December 2013

2,939

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2