Abbreviated Company Accounts - SYNCOLINE LIMITED

Registered Number 03993294

SYNCOLINE LIMITED

Abbreviated Accounts

31 March 2015

SYNCOLINE LIMITED Registered Number 03993294

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	12,647	10,694
		12,647	10,694
Current assets
Stocks		229,884	188,765
Debtors		178,497	212,574
Cash at bank and in hand		170,412	98,553
		578,793	499,892
Creditors: amounts falling due within one year		(138,666)	(157,487)
Net current assets (liabilities)		440,127	342,405
Total assets less current liabilities		452,774	353,099
Provisions for liabilities		(2,466)	(2,061)
Total net assets (liabilities)		450,308	351,038
Capital and reserves
Called up share capital		1,041	1,041
Profit and loss account		449,267	349,997
Shareholders' funds		450,308	351,038

For the year ending 31 March 2015 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 2 October 2015

And signed on their behalf by:
S Cleland, Director

SYNCOLINE LIMITED Registered Number 03993294

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 the total invoice value, excluding value added tax, of sales made in the year and derives from the provision of goods and services falling within the ordinary activities of the company.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-

Plant and machinery - 20% reducing balance method
Fixtures & fittings - 10% reducing balance method
Motor vehicles - 25% reducing balance method

2Tangible fixed assets

	£
Cost
At 1 April 2014	25,650
Additions	4,485
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	30,135
Depreciation
At 1 April 2014	14,956
Charge for the year	2,532
On disposals	-
At 31 March 2015	17,488
Net book values
At 31 March 2015	12,647
At 31 March 2014	10,694