Sun Metamorphosis Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04807559 (England and Wales)

SUN METAMORPHOSIS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S Psaltis

SECRETARY:

Mrs N Psaltis

REGISTERED OFFICE:

Hale House, Unit 5

296a Green Lanes

Palmers Green

London

N13 5TP

REGISTERED NUMBER:

04807559 (England and Wales)

ACCOUNTANTS:

T. PA Accountancy Services Limited

Hale House

Unit 5

296a Green Lanes

Palmers Green

London

N13 5TP

FIXED ASSETS

Tangible assets

2

4,695

3,043

CURRENT ASSETS

Cash at bank and in hand

82,600

36,855

CREDITORS

Amounts falling due within one year

25,424

16,324

NET CURRENT ASSETS

57,176

20,531

TOTAL ASSETS LESS CURRENT LIABILITIES

61,871

23,574

CAPITAL AND RESERVES

Called up share capital

3

100

5

Profit and loss account

61,771

23,569

SHAREHOLDERS' FUNDS

61,871

23,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 14 March 2016 and were signed by:

Mr S Psaltis - 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 the gross invoiced sale of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain item for taxation and accounting purposes. In general, deferred tax is recognised in respect

of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax

assets are recognised only to the extent that the director considers that it is more likely than not that there will be

suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is not recognised on revaluation gains. Deferred taxation is measured on a non-discounted basis at

the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates

and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

7,498

Additions

3,496

At 30 June 2015

10,994

DEPRECIATION

At 1 July 2014

4,455

Charge for year

1,844

At 30 June 2015

6,299

NET BOOK VALUE

At 30 June 2015

4,695

At 30 June 2014

3,043

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

5

(2014 - 6 )

94 Ordinary shares of £1 were issued during the year for cash of £ 94 .