SO Branding & Communications Ltd,Ltd - Accounts

SO Branding & Communications Ltd,Ltd - Accounts

SO BRANDING AND COMMUNICATIONS LIMITED - Company Information

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2014-01-01 true false Private Limited Company 08472199 2014-12-31 08472199 2014-01-01 2014-12-31 08472199 2013-12-31 08472199 2013-04-03 2013-12-31 08472199 uk-bus:Director1 2014-01-01 2014-12-31 08472199 uk-gaap:PlantMachinery 2014-01-01 2014-12-31 08472199 uk-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP
SO Branding & Communications Ltd
For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08472199
2
Contents Page
SO Branding & Communications Ltd
For the year ended 31 December 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
SO Branding & Communications Ltd
Accountants' Report
For the year ended 31 December 2014
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of
SO Branding & Communications 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 firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of SO Branding & Communications Ltd, as a body, in accordance with
the terms of our engagement letter dated 12 August 2014. Our work has been undertaken solely to prepare for your
approval the accounts of SO Branding & Communications Ltd and state those matters that we have agreed to state to the
Board of Directors of SO Branding & Communications Ltd, as a body, in this report in accordance with the requirements of
the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than SO Branding & Communications
Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SO Branding & Communications Ltd has kept adequate accounting records and to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SO Branding &
Communications Ltd. You consider that SO Branding & Communications Ltd is exempt from the statutory audit requirement
for the year.
Wright, Lilley & Co
55/57 High Street
Metheringham
Lincoln
LN4 3DZ
31 March 2015
Dated:
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4
Abbreviated Balance Sheet
SO Branding & Communications Ltd
As at 31 December 2014
08472199
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
19,793
24,400
19,793
24,400
Current assets
Debtors
35,000
33,507
Cash at bank and in hand
7,268
30,254
40,775
65,254
Creditors: amounts falling due within one year
(53,641)
(14,692)
11,613
26,083
Net current assets
Total assets less current liabilities
45,876
36,013
45,876
Net assets
36,013
Capital and reserves
Called up share capital
1
4
1
Profit and loss account
45,875
36,012
45,876
36,013
Shareholders funds
For the 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 responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 24 March 2015
Mr Steven N Osborne Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
SO Branding & Communications Ltd
For the year ended 31 December 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
30,500
At 01 January 2014
341
Additions
At 31 December 2014
30,841
Depreciation
6,100
At 01 January 2014
4,948
Charge for year
11,048
At 31 December 2014
Net book values
At 31 December 2014
19,793
24,400
At 31 December 2013
3 Creditors due after more than one year
The loan is a 10 year mortgage secured on the company's freehold property.
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6
Notes to the Abbreviated Financial Statements
SO Branding & Communications Ltd
For the year ended 31 December 2014
4 Share capital
Allotted called up and fully paid
2014
2013
£
£
1 Class A shares of £1.00 each
1
1
1
1
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