Abbreviated Company Accounts - SILKFRED LIMITED

Registered Number 07557982

SILKFRED LIMITED

Abbreviated Accounts

31 December 2015

SILKFRED LIMITED Registered Number 07557982

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	258,749	161,558
Tangible assets	3	3,811	2,483
		262,560	164,041
Current assets
Stocks		91,734	3,596
Debtors		19,820	-
Cash at bank and in hand		812,037	242,770
		923,591	246,366
Creditors: amounts falling due within one year		(474,305)	(146,560)
Net current assets (liabilities)		449,286	99,806
Total assets less current liabilities		711,846	263,847
Creditors: amounts falling due after more than one year		(49,002)	(49,642)
Total net assets (liabilities)		662,844	214,205
Capital and reserves
Called up share capital		1,689,177	642,923
Other reserves		8,870	0
Profit and loss account		(1,035,203)	(428,718)
Shareholders' funds		662,844	214,205

For the year ending 31 December 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 29 September 2016

And signed on their behalf by:
Emma Watkinson, Director

SILKFRED LIMITED Registered Number 07557982

Notes to the Abbreviated Accounts for the period ended 31 December 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.

2Intangible fixed assets

	£
Cost
At 1 January 2015	199,900
Additions	118,141
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	318,041
Amortisation
At 1 January 2015	38,342
Charge for the year	20,950
On disposals	-
At 31 December 2015	59,292
Net book values
At 31 December 2015	258,749
At 31 December 2014	161,558

3Tangible fixed assets

	£
Cost
At 1 January 2015	5,302
Additions	2,352
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	7,654
Depreciation
At 1 January 2015	2,819
Charge for the year	1,024
On disposals	-
At 31 December 2015	3,843
Net book values
At 31 December 2015	3,811
At 31 December 2014	2,483