London Software Solutions Ltd - Period Ending 2015-07-31

Registration number: 8128308

London Software Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

Acconomy Limited
Chartered Certified Accountants
Arena Business Centre
Holyrood Close
Poole
Dorset
BH17 7FJ

London Software Solutions Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
London Software Solutions Ltd
for the Year Ended 31 July 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of London Software Solutions Ltd for the year ended 31 July 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .

This report is made solely to the Board of Directors of London Software Solutions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of London Software Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Software Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that London Software Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of London Software Solutions Ltd. You consider that London Software Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of London Software Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Acconomy Limited
Chartered Certified Accountants
Arena Business Centre
Holyrood Close
Poole
Dorset
BH17 7FJ

27 April 2016

Page 1

London Software Solutions Ltd
(Registration number: 8128308)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,362			95
Current assets
Debtors					7,151			39
Cash at bank and in hand					20,644			6,555
					27,795			6,594
Creditors: Amounts falling due within one year					(17,503)			(6,688)
Net current assets/(liabilities)					10,292			(94)
Net assets					11,654			1
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					11,653			-
Shareholders' funds					11,654			1

For the year ending 31 July 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 director acknowledges his 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 director on 27 April 2016

.........................................
Mr Roy Griffin
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

London Software Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	3 Years Straight Line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		143			143
Additions		1,971			1,971
At 31 July 2015		2,114			2,114
Depreciation
At 1 August 2014		48			48
Charge for the year		704			704
At 31 July 2015		752			752
Net book value
At 31 July 2015		1,362			1,362
At 31 July 2014		95			95

Page 3

London Software Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr Roy Griffin
Amounts owed to director	-	323	323	-
Amount owed by director	7,151	-	-	-
	7,151	323	323	-

Page 4