Silver Lining Actuarial Models Ltd - Limited company accounts 11.9

REGISTERED NUMBER: 07623268 (England and Wales)

SILVER LINING ACTUARIAL MODELS LTD

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2015

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

P B Hopkins

REGISTERED OFFICE:

Hutchins Cottage

Horley Row

Horley

Surrey

RH6 8DF

REGISTERED NUMBER:

07623268 (England and Wales)

ACCOUNTANTS:

The Bailey Partnership

Chartered Accountants

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

The director presents his report with the financial statements of the company for the year ended 31 March 2015.

DIRECTOR

P B Hopkins held office during the whole of the period from 1 April 2014 to the date of this report.

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:

P B Hopkins - Director

23 December 2015

TURNOVER

118,669

172,827

Administrative expenses

20,858

20,550

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

97,811

152,277

Tax on profit on ordinary activities

3

19,677

30,741

PROFIT FOR THE FINANCIAL YEAR

78,134

121,536

FIXED ASSETS

Tangible assets

5

814

1,086

CURRENT ASSETS

Debtors

6

96,175

38,381

Cash at bank

8,576

68,285

104,751

106,666

CREDITORS

Amounts falling due within one year

7

21,357

41,678

NET CURRENT ASSETS

83,394

64,988

TOTAL ASSETS LESS CURRENT
LIABILITIES

84,208

66,074

CAPITAL AND RESERVES

Called up share capital

8

10

Profit and loss account

9

84,198

66,064

SHAREHOLDERS' FUNDS

84,208

66,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 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 director on 23 December 2015 and were signed by:

P B Hopkins - 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.

Plant and machinery etc

-

25% 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 PROFIT

The operating profit is stated after charging:

2015

2014

£

Depreciation - owned assets

272

362

Director's remuneration and other benefits etc

7,950

7,650

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2015

2014

£

Current tax:

UK corporation tax

19,677

30,741

Tax on profit on ordinary activities

19,677

30,741

4.

DIVIDENDS

2015

2014

£

Ordinary shares of 0.01p each

Final

20,000

70,000

Interim

40,000

-

60,000

70,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2014

and 31 March 2015

1,933

DEPRECIATION

At 1 April 2014

847

Charge for year

272

At 31 March 2015

1,119

NET BOOK VALUE

At 31 March 2015

814

At 31 March 2014

1,086

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Trade debtors

42,330

-

Other debtors

53,845

38,381

96,175

38,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Trade creditors

-

59

Taxation and social security

19,677

39,939

Other creditors

1,680

21,357

41,678

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

0.01p

10

9.

RESERVES

Profit

and loss

account

£

At 1 April 2014

66,064

Profit for the year

78,134

Dividends

(60,000

)

At 31 March 2015

84,198