Company Registration No. 08079026 (England and Wales)
Selma Felton Ltd
Abbreviated unaudited accounts
for the year ended 31 March 2016
Selma Felton Ltd
Abbreviated Balance Sheet
as at 31 March 2016
Intangible assets
500
1,000
Cash at bank and in hand
235
658
Creditors: amounts falling due within one year
(4,855)
(6,587)
Net current liabilities
(490)
(1,710)
Net assets/(liabilities)
10
(544)
Called up share capital
10
10
Profit and loss account
-
(554)
Total shareholders' funds
10
(544)
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 2 November 2016
Selma Felton
Director
Company Registration No. 08079026
Selma Felton Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% per annum straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Franchise fee is amortised on a straight line basis over its estimated useful economic life of 5 years.
2
Intangible fixed assets
Goodwill
Selma Felton Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
3
Tangible fixed assets
Computer equipment
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
