759_Solutions_Limited - Accounts

759 SOLUTIONS LIMITED - Company Information

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Company Registration No. 07837360 (England and Wales)

759 Solutions Limited

Unaudited Abbreviated Financial Statements

For The Year Ended 30 November 2015

759 SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

291

516

Current assets

Debtors

10,094

66,121

Cash at bank and in hand

300,888

240,194

310,982

306,315

Creditors: amounts falling due within one year

(109,957)

(146,636)

Net current assets

201,025

159,679

Total assets less current liabilities

201,316

160,195

Provisions for liabilities

(58)

(103)

201,258

160,092

Capital and reserves

Called up share capital

100

Profit and loss account

201,158

159,992

Shareholders' funds

201,258

160,092

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 February 2016

Mr P Hogg

Director

Company Registration No. 07837360

759 SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the value, net of Value Added Tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover is recognised when the goods are physically delivered to customers and when services are provided.

1.4

Tangible fixed assets and depreciation

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:

Computer equipment

25% straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing difference will reverse.

759 SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 December 2014 & at 30 November 2015

898

Depreciation

At 1 December 2014

382

Charge for the year

225

At 30 November 2015

607

Net book value

At 30 November 2015

291

At 30 November 2014

516

Share capital

2015

2014

Allotted, called up and fully paid

60 Ordinary of £1 each

40 Ordinary B of £1 each

100