Solar Capital Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07597879 (England and Wales)

SOLAR CAPITAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A M Fraser

E A Fraser

SECRETARY:

E A Fraser

REGISTERED OFFICE:

1 Cavendish Court

South Parade

Doncaster

DN1 2DJ

REGISTERED NUMBER:

07597879 (England and Wales)

FIXED ASSETS

Tangible assets

2

105,648

105,485

CURRENT ASSETS

Debtors

8,803

206,900

Cash at bank and in hand

479,713

58,630

488,516

265,530

CREDITORS

Amounts falling due within one year

403,008

327,533

NET CURRENT ASSETS/(LIABILITIES)

85,508

(62,003

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

191,156

43,482

PROVISIONS FOR LIABILITIES

1,076

1,046

NET ASSETS

190,080

42,436

CAPITAL AND RESERVES

Called up share capital

3

50

Capital redemption reserve

50

Profit and loss account

189,980

42,336

SHAREHOLDERS' FUNDS

190,080

42,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 25 October 2016 and were signed on its behalf by:

A M Fraser - 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 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.

Land and buildings

-

not provided

Plant and machinery etc

-

20% 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 May 2015

111,656

Additions

1,270

At 30 April 2016

112,926

DEPRECIATION

At 1 May 2015

6,171

Charge for year

1,107

At 30 April 2016

7,278

NET BOOK VALUE

At 30 April 2016

105,648

At 30 April 2015

105,485

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary A

1

50