Abbreviated Company Accounts - ARMSTRONG ENERGY INCOME LIMITED

SOLAR INCOME AND GROWTH LIMITED - Company Information

Registered Number 08430843

ARMSTRONG ENERGY INCOME LIMITED

Abbreviated Accounts

31 December 2014

ARMSTRONG ENERGY INCOME LIMITED Registered Number 08430843

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	428,179	293,601
Investments	3	3,106,317	864,910
		3,534,496	1,158,511
Current assets
Stocks		-	210,305
Debtors		63,403	121,015
Cash at bank and in hand		5,229	445,584
		68,632	776,904
Creditors: amounts falling due within one year		(156,868)	(16,359)
Net current assets (liabilities)		(88,236)	760,545
Total assets less current liabilities		3,446,260	1,919,056
Total net assets (liabilities)		3,446,260	1,919,056
Capital and reserves
Called up share capital		35,105	19,004
Share premium account		3,402,697	1,868,947
Profit and loss account		8,458	31,105
Shareholders' funds		3,446,260	1,919,056

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
A Yazdabadi, Director

ARMSTRONG ENERGY INCOME LIMITED Registered Number 08430843

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents sales of solar panels, electricity and Feed in Tariffs net of any applicable Value Added Tax

Tangible assets depreciation policy
Depreciation is calculated on a basis to write off each of the assets over their useful life.

Plant and machinery: 25 years

Other accounting policies
Deferred Taxation

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- deferred tax is not recognised on timing differences arising on revalued properties unless the company has entered into a binding sale agreement and is not proposing to take advantage of rollover relief; and

- the recognition of deferred tax assets is limited to the extent that the company anticipates making sufficient taxable profits in the future to absorb the reversal of the underlying timing differences.

Going Concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2Tangible fixed assets

	£
Cost
At 1 January 2014	295,486
Additions	144,814
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	440,300
Depreciation
At 1 January 2014	1,885
Charge for the year	10,236
On disposals	-
At 31 December 2014	12,121
Net book values
At 31 December 2014	428,179
At 31 December 2013	293,601

3Fixed assets Investments
Loans due for more than one year as at 31 December 2014 totaled £3,106,317 (2013:£864,910).