Simplicity Energy Management Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07468697 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 June 2015

for

SIMPLICITY ENERGY MANAGEMENT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

F J Gee

J A Lamb

REGISTERED OFFICE:

Stableway

North Street

Winkfield

Berkshire

SL4 4SY

REGISTERED NUMBER:

07468697 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

2

159

318

CURRENT ASSETS

Debtors

1,736

594

Cash at bank

11,537

12,020

13,273

12,614

CREDITORS

Amounts falling due within one year

10,180

10,480

NET CURRENT ASSETS

3,093

2,134

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,252

2,452

PROVISIONS FOR LIABILITIES

31

63

NET ASSETS

3,221

2,389

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

1,400

Profit and loss account

1,721

889

SHAREHOLDERS' FUNDS

3,221

2,389

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 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 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 Board of Directors on 8 February 2016 and were signed on its behalf by:

F J Gee - 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 goods, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the assets to their estimated residual values over their expected useful lives

at the following annual rates:

Office equipment - 20% of cost

Deferred tax

Provision is made at projected rates of corporation tax in respect of all timing differences between the

recognition of gains and losses in the accounts and tax computations. Deferred taxation assets are recognised

only to the extent that it is considered more likely than not that there will be suitable taxable profits in the future

from which the underlying timing differences can be deducted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

795

DEPRECIATION

At 1 July 2014

477

Charge for year

159

At 30 June 2015

636

NET BOOK VALUE

At 30 June 2015

159

At 30 June 2014

318

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

Simplicity Energy Management Ltd - Limited company - abbreviated - 11.9

Simplicity Energy Management Ltd - Limited company - abbreviated - 11.9