SOUTHERN_LEARNING_HUB_LIM - Accounts

SOUTHERN LEARNING HUB LIMITED - Company Information

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Company Registration No. 05260216 (England and Wales)

SOUTHERN LEARNING HUB LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

SOUTHERN LEARNING HUB LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SOUTHERN LEARNING HUB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

501

627

Current assets

Debtors

32,398

41,781

Cash at bank and in hand

94,167

44,443

Creditors: amounts falling due within one year

(4,370)

(2,963)

Net current assets

122,195

83,261

Total assets less current liabilities

122,696

83,888

122,696

83,888

Capital and reserves

Called up share capital

Profit and loss account

122,695

83,887

Shareholders' funds

122,696

83,888

For the financial year ended 31 August 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 her 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 31 May 2016

Mrs D Candy-Williams

Director

Company Registration No. 05260216

SOUTHERN LEARNING HUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 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 amounts receivable for goods and services net of VAT and trade discounts.

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:

Fixtures, fittings & equipment

20% reducing balance and 33.3% straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 September 2014 & at 31 August 2015

5,098

Depreciation

At 1 September 2014

4,471

Charge for the year

126

At 31 August 2015

4,597

Net book value

At 31 August 2015

501

At 31 August 2014

627

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each

SOUTHERN LEARNING HUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Related party relationships and transactions

Loan from directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mrs D Candy-Williams -

1,770

1,591

3,361

1,770

1,591

3,361