Solion Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04363750

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SOLION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L Salam

SECRETARY:

L Salam

REGISTERED OFFICE:

26 Church Street

Bishop's Stortford

Hertfordshire

CM23 2LY

REGISTERED NUMBER:

04363750

ACCOUNTANTS:

Morris Wheeler & Co Limited

Chartered Accountants

26 Church Street

Bishop's Stortford

Hertfordshire

CM23 2LY

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,336

2,506

1,336

2,506

CURRENT ASSETS

Debtors

149,917

102,431

Cash at bank

316,455

222,729

466,372

325,160

CREDITORS

Amounts falling due within one year

368,421

170,651

NET CURRENT ASSETS

97,951

154,509

TOTAL ASSETS LESS CURRENT
LIABILITIES

99,287

157,015

CAPITAL AND RESERVES

Called up share capital

4

275

Share premium

92,807

Profit and loss account

6,205

63,933

SHAREHOLDERS' FUNDS

99,287

157,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 September 2016 and were signed by:

L Salam - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Patents and licences

Patents and Licences are written off over the period of the patent or the licence.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

78,000

AMORTISATION

At 1 January 2015

and 31 December 2015

78,000

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

14,501

DEPRECIATION

At 1 January 2015

11,995

Charge for year

1,170

At 31 December 2015

13,165

NET BOOK VALUE

At 31 December 2015

1,336

At 31 December 2014

2,506

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

275

Ordinary

£1

275