Saturn Projects Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04504670 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Saturn Projects Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Pickard

Saturn Projects Group Limited

SECRETARY:

REGISTERED OFFICE:

7.03 The Deco Building

Paintworks

Bath Road

Bristol

BS4 3EH

REGISTERED NUMBER:

04504670 (England and Wales)

ACCOUNTANTS:

Create Tax Solutions Limited

7.03, The Deco Building

Paintworks, Bath Road

Bristol

BS4 3EA

FIXED ASSETS

Tangible assets

2

2,558

2,558

CURRENT ASSETS

Debtors

24,937

28,082

Cash at bank and in hand

1,214

200

26,151

28,282

CREDITORS

Amounts falling due within one year

120,561

126,416

NET CURRENT LIABILITIES

(94,410

)

(98,134

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(91,852

)

(95,576

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

(92,852

)

(96,576

)

SHAREHOLDERS' FUNDS

(91,852

)

(95,576

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 and were signed on its behalf by:

S Pickard - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

40,290

DEPRECIATION

At 1 January 2013

and 31 December 2013

37,732

NET BOOK VALUE

At 31 December 2013

2,558

At 31 December 2012

2,558

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	ULTIMATE PARENT COMPANY