Abbreviated Company Accounts - SOLOARTE LTD

07321426 SOLOARTE LTD 2015-08-31 false 2014-09-01 2015-08-31 true 07321426 2014-09-01 2015-08-31 07321426 2015-08-31 07321426 2014-08-31 07321426 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 07321426 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 07321426

SOLOARTE LTD

Abbreviated Accounts

31 August 2015

SOLOARTE LTD Registered Number 07321426

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	22,376	9,718
		22,376	9,718
Current assets
Cash at bank and in hand		17,162	7,364
		17,162	7,364
Creditors: amounts falling due within one year		(23,495)	(12,712)
Net current assets (liabilities)		(6,333)	(5,348)
Total assets less current liabilities		16,043	4,370
Creditors: amounts falling due after more than one year		(9,846)	-
Total net assets (liabilities)		6,197	4,370
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		6,097	4,270
Shareholders' funds		6,197	4,370

For the year ending 31 August 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 directors acknowledge their 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 Board on 13 November 2015

And signed on their behalf by:
N Acona, Director

SOLOARTE LTD Registered Number 07321426

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives-
Equipment 25% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Foreign currencies-
Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments-
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 September 2014	16,824
Additions	20,116
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	36,940
Depreciation
At 1 September 2014	7,106
Charge for the year	7,458
On disposals	-
At 31 August 2015	14,564
Net book values
At 31 August 2015	22,376
At 31 August 2014	9,718

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100