SELLMYHOME.CO.UK LTD - Abbreviated accounts 16.1

REGISTERED NUMBER: 06401122 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

SELLMYHOME.CO.UK LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

H Nash

W J S Clark

SECRETARY:

Ms D Nash

REGISTERED OFFICE:

119 The Hub

300 Kensal Road

London

W10 5BE

REGISTERED NUMBER:

06401122 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Tangible assets

2

65,636

13,071

CURRENT ASSETS

Debtors

91,251

50,014

Cash at bank

29,715

38,323

120,966

88,337

CREDITORS

Amounts falling due within one year

781,759

365,236

NET CURRENT LIABILITIES

(660,793

)

(276,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(595,157

)

(263,828

)

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

(595,167

)

(263,838

)

SHAREHOLDERS' FUNDS

(595,157

)

(263,828

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 28 October 2016 and were signed on its behalf by:

W J S Clark - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis as the company has been given the continued

financial support of its directors and shareholders. On this basis, the directors consider it appropriate to prepare

the financial statements on a going concern basis. The financial statements do not include any adjustments that

would result from a withdrawal of the directors and shareholders support.

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 services, 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.

Plant and machinery

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

19,024

Additions

74,444

At 31 December 2015

93,468

DEPRECIATION

At 1 January 2015

5,953

Charge for year

21,879

At 31 December 2015

27,832

NET BOOK VALUE

At 31 December 2015

65,636

At 31 December 2014

13,071

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

10

Ordinary

£1

10

10