Abbreviated Company Accounts - SA IP LIMITED

05496246 SA IP LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 05496246 2014-05-01 2015-04-30 05496246 2015-04-30 05496246 2014-04-30 05496246 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 05496246 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 05496246

SA IP LIMITED

Abbreviated Accounts

30 April 2015

SA IP LIMITED Registered Number 05496246

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	387	675
Tangible assets	3	94	126
		481	801
Current assets
Debtors		354	12,921
Cash at bank and in hand		10,395	42
		10,749	12,963
Creditors: amounts falling due within one year		(50,737)	(47,222)
Net current assets (liabilities)		(39,988)	(34,259)
Total assets less current liabilities		(39,507)	(33,458)
Total net assets (liabilities)		(39,507)	(33,458)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(39,607)	(33,558)
Shareholders' funds		(39,507)	(33,458)

For the year ending 30 April 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 28 January 2016

And signed on their behalf by:
Dr G.E. Francis, Director

SA IP LIMITED Registered Number 05496246

Notes to the Abbreviated Accounts for the period ended 30 April 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Office equipment - 25% reducing balance

Intangible assets amortisation policy
The Intellectual Property is valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over the estimated useful life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 May 2014	2,883
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	2,883
Amortisation
At 1 May 2014	2,208
Charge for the year	288
On disposals	-
At 30 April 2015	2,496
Net book values
At 30 April 2015	387
At 30 April 2014	675

3Tangible fixed assets

	£
Cost
At 1 May 2014	1,149
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	1,149
Depreciation
At 1 May 2014	1,023
Charge for the year	32
On disposals	-
At 30 April 2015	1,055
Net book values
At 30 April 2015	94
At 30 April 2014	126

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100