Abbreviated Company Accounts - SOLA EXPRESS LTD

08850421 SOLA EXPRESS LTD 2016-01-31 false 2015-02-01 2016-01-31 true 08850421 2015-02-01 2016-01-31 08850421 2016-01-31 08850421 2015-01-31 08850421 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 08850421 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 08850421

SOLA EXPRESS LTD

Abbreviated Accounts

31 January 2016

SOLA EXPRESS LTD Registered Number 08850421

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	28,032	33,576
		28,032	33,576
Current assets
Debtors		56,553	42,085
Cash at bank and in hand		44,876	42,264
		101,429	84,349
Creditors: amounts falling due within one year		(55,981)	(68,020)
Net current assets (liabilities)		45,448	16,329
Total assets less current liabilities		73,480	49,905
Total net assets (liabilities)		73,480	49,905
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		73,478	49,903
Shareholders' funds		73,480	49,905

For the year ending 31 January 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 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 24 October 2016

And signed on their behalf by:
Nigel Duncan Barnes, Director

SOLA EXPRESS LTD Registered Number 08850421

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment – 25% per annum on a reducing balance basis
Motor vehicles – 25% per annum on a reducing balance basis.

2Tangible fixed assets

	£
Cost
At 1 February 2015	44,768
Additions	3,800
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	48,568
Depreciation
At 1 February 2015	11,192
Charge for the year	9,344
On disposals	-
At 31 January 2016	20,536
Net book values
At 31 January 2016	28,032
At 31 January 2015	33,576

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2