SOS IT Solutions Limited - Limited company accounts 11.9

REGISTERED NUMBER: 06910349 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended

31 May 2015

for

SOS IT Solutions Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J Golder

R Golder

REGISTERED OFFICE:

12 Charbury Walk

Shirehampton

Bristol

Avon

BS11 9UU

REGISTERED NUMBER:

06910349 (England and Wales)

ACCOUNTANTS:

Ascot Drummond

Suite 12

River Court

5 West Victoria Dock Road

Dundee

DD1 3JT

The directors present their report with the financial statements of the company for the year ended 31 May 2015.

DIRECTORS

J Golder has held office during the whole of the period from 1 June 2014 to the date of this report.

Other changes in directors holding office are as follows:

R Golder - appointed 3 February 2015

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:

J Golder - Director

9 February 2016

TURNOVER

69,344

45,459

Administrative expenses

27,681

16,253

OPERATING PROFIT

2

41,663

29,206

Interest receivable and similar income

-

3

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

41,663

29,209

Tax on profit on ordinary activities

3

8,280

5,884

PROFIT FOR THE FINANCIAL YEAR

33,383

23,325

FIXED ASSETS

Tangible assets

5

313

1

CURRENT ASSETS

Debtors

6

-

5,616

Cash at bank

10,580

4,016

10,580

9,632

CREDITORS

Amounts falling due within one year

7

10,688

6,831

NET CURRENT (LIABILITIES)/ASSETS

(108

)

2,801

TOTAL ASSETS LESS CURRENT
LIABILITIES

205

2,802

CAPITAL AND RESERVES

Called up share capital

8

1

Profit and loss account

9

204

2,801

SHAREHOLDERS' FUNDS

205

2,802

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 9 February 2016 and were signed on its behalf by:

J Golder - 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

-

33% on cost

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:

31.5.15

31.5.14

£

Depreciation - owned assets

156

211

Directors' remuneration and other benefits etc

12,552

8,094

3.

TAXATION

Analysis of the tax charge

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

31.5.15

31.5.14

£

Current tax:

UK corporation tax

8,280

5,884

Tax on profit on ordinary activities

8,280

5,884

4.

DIVIDENDS

31.5.15

31.5.14

£

Ordinary share of 1

Final

35,980

22,350

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2014

633

Additions

468

At 31 May 2015

1,101

DEPRECIATION

At 1 June 2014

632

Charge for year

156

At 31 May 2015

788

NET BOOK VALUE

At 31 May 2015

313

At 31 May 2014

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.15

31.5.14

£

Trade debtors

-

5,616

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.15

31.5.14

£

Taxation and social security

10,688

6,681

Other creditors

-

150

10,688

6,831

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

1

Ordinary

1

9.

RESERVES

Profit

and loss

account

£

At 1 June 2014

2,801

Profit for the year

33,383

Dividends

(35,980

)

At 31 May 2015

204