Solstice IT Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC334387 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SOLSTICE IT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ronan Dodworth

Michael Dodworth

SECRETARY:

Ronan Dodworth

REGISTERED OFFICE:

129 Sinclair Street

Helensburgh

Dunbartonshire

G84 9AT

REGISTERED NUMBER:

SC334387 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

Oban

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

2

8,820

9,681

CURRENT ASSETS

Debtors

-

6,480

Cash at bank

60,668

72,631

60,668

79,111

CREDITORS

Amounts falling due within one year

10,844

16,744

NET CURRENT ASSETS

49,824

62,367

TOTAL ASSETS LESS CURRENT
LIABILITIES

58,644

72,048

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

58,643

72,047

SHAREHOLDERS' FUNDS

58,644

72,048

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 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 22 April 2016 and were signed on its behalf by:

Ronan Dodworth - 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 services, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

4% on reducing balance

Plant and machinery

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

12,329

DEPRECIATION

At 1 January 2015

2,648

Charge for year

861

At 31 December 2015

3,509

NET BOOK VALUE

At 31 December 2015

8,820

At 31 December 2014

9,681

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1