Silesia Research Limited - Period Ending 2016-06-30

Registration number: 07665062

Silesia Research Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Silesia Research Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Silesia Research Limited
(Registration number: 07665062)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			680			906
Current assets
Debtors					9,228			9,531
Cash at bank and in hand					36,796			30,607
					46,024			40,138
Creditors: Amounts falling due within one year					(17,065)			(18,429)
Net current assets					28,959			21,709
Net assets					29,639			22,615
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					29,638			22,614
Shareholders' funds					29,639			22,615

For the year ending 30 June 2016 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 director acknowledges his 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 director on 20 September 2016

.........................................
Leslaw Milosz Pawlaczyk
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Silesia Research Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, 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
Office Equipment	25% 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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Silesia Research Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		1,750			1,750
At 30 June 2016		1,750			1,750
Depreciation
At 1 July 2015		844			844
Charge for the year		226			226
At 30 June 2016		1,070			1,070
Net book value
At 30 June 2016		680			680
At 30 June 2015		906			906

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Original shares of £1 each		1			1			1			1

Page 3