Shinyclean Southwest Ltd - Period Ending 2015-12-31

Registration number: 08823542

Shinyclean Southwest Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Dorrington Mundy
Chartered Accountants
5 Beauley Road
Southville
Bristol
BS3 1PX

Shinyclean Southwest Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Shinyclean Southwest Ltd
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shinyclean Southwest Ltd for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Shinyclean Southwest Ltd, as a body, in accordance with the terms of our engagement letterdated 1 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Shinyclean Southwest Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shinyclean Southwest Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Shinyclean Southwest Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Shinyclean Southwest Ltd. You consider that Shinyclean Southwest Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Shinyclean Southwest Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Dorrington Mundy
Chartered Accountants
5 Beauley Road
Southville
Bristol
BS3 1PX

29 September 2016

Page 1

Shinyclean Southwest Ltd
(Registration number: 08823542)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £			31 December 2014 £
Fixed assets
Tangible fixed assets		2			807			656
Current assets
Debtors					2,078			1,250
Cash at bank and in hand					8,017			361
					10,095			1,611
Creditors: Amounts falling due within one year					(20,427)			(7,762)
Net current liabilities					(10,332)			(6,151)
Net liabilities					(9,525)			(5,495)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(9,625)			(5,595)
Shareholders' deficit					(9,525)			(5,495)

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 28 September 2016 and signed on its behalf by:

.........................................
C Cherstes
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Shinyclean Southwest Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis. The directors have confirmed their willingness to support the company in the foreseeable future.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Compjuter and office equipment	33.33% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		916			916
Additions		479			479
At 31 December 2015		1,395			1,395
Depreciation
At 1 January 2015		260			260
Charge for the year		328			328
At 31 December 2015		588			588
Net book value
At 31 December 2015		807			807
At 31 December 2014		656			656

Page 3

Shinyclean Southwest Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 December 2015						31 December 2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	Year ended 31 December 2015 Advance/ Credit £	Year ended 31 December 2015 Repaid £	20 December 2013 to 31 December 2014 Advance/ Credit £	20 December 2013 to 31 December 2014 Repaid £
I L Kiss
A balance is owed to the director at the year end. No interest is payable in respect of this balance.	7,631	-	3,233	-
C Cherstes
A balance is owed to the director at the year end. No interest is payable in respect of this balance.	8,625	-	2,681	-

Page 4