Abbreviated Company Accounts - 383 SOLUTIONS LIMITED

383 SOLUTIONS LIMITED - Company Information

08905305 383 SOLUTIONS LIMITED 2015-02-28 false 2014-02-20 2015-02-28 true 08905305 2014-02-20 2015-02-28 08905305 2015-02-28 08905305 uk-gaap-cd-bus:Director1 2014-02-20 2015-02-28 08905305 uk-gaap-cd-bus:Director2 2014-02-20 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-20 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 08905305

383 SOLUTIONS LIMITED

Abbreviated Accounts

28 February 2015

383 SOLUTIONS LIMITED Registered Number 08905305

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	452
		452
Current assets
Debtors		1,309
Cash at bank and in hand		1,490
		2,799
Creditors: amounts falling due within one year		(26)
Net current assets (liabilities)		2,773
Total assets less current liabilities		3,225
Creditors: amounts falling due after more than one year		(10,000)
Total net assets (liabilities)		(6,775)
Capital and reserves
Called up share capital	3	1
Profit and loss account		(6,776)
Shareholders' funds		(6,775)

For the year ending 28 February 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 30 December 2015

And signed on their behalf by:
L Lawry, Director

383 SOLUTIONS LIMITED Registered Number 08905305

Notes to the Abbreviated Accounts for the period ended 28 February 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and discounts allowed.

Tangible assets depreciation policy
Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 20% on cost, Fixtures and Fittings - 20% on cost.

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
Additions	565
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	565
Depreciation
Charge for the year	113
On disposals	-
At 28 February 2015	113
Net book values
At 28 February 2015	452

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
1 Ordinary shares of £1 each	1