Solution Cornwall Limited - Abbreviated accounts 16.3

Solution Cornwall Limited - Abbreviated accounts 16.3

SOLUTION WORLD OF CLEAN LIMITED - Company Information

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06843472 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068434722015-03-31068434722016-03-31068434722015-04-012016-03-31068434722014-03-31068434722014-04-012015-03-31068434722015-03-3106843472ns12:England2015-04-012016-03-3106843472ns14:PoundSterling2015-04-012016-03-3106843472ns7:Director12015-04-012016-03-3106843472ns7:OrdinaryShareClass12015-04-012016-03-3106843472ns5:ImprovementsOrDevelopmentAssets2015-04-012016-03-3106843472ns5:PlantMachinery2015-04-012016-03-3106843472ns5:FixturesFittings2015-04-012016-03-3106843472ns5:ComputerEquipment2015-04-012016-03-3106843472ns7:OrdinaryShareClass12016-03-3106843472ns7:OrdinaryShareClass12015-03-3106843472ns7:Director12015-03-3106843472ns7:Director12014-03-3106843472ns7:Director12014-04-012015-03-3106843472ns7:Director12016-03-3106843472ns7:Director12015-03-31
REGISTERED NUMBER: 06843472 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SOLUTION CORNWALL LIMITED

SOLUTION CORNWALL LIMITED (REGISTERED NUMBER: 06843472)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

SOLUTION CORNWALL LIMITED (REGISTERED NUMBER: 06843472)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 22,224 15,844
22,224 15,844

CURRENT ASSETS
Stocks 58,200 56,000
Debtors 4 44,384 25,577
Cash at bank 17,948 6,518
120,532 88,095
CREDITORS
Amounts falling due within one year 117,324 95,172
NET CURRENT ASSETS/(LIABILITIES) 3,208 (7,077 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
25,432
8,767

CREDITORS
Amounts falling due after more than one
year
(23,247
)
(2,917
)

PROVISIONS FOR LIABILITIES (1,900 ) (1,900 )
NET ASSETS 285 3,950

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 185 3,850
SHAREHOLDERS' FUNDS 285 3,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these abbreviated accounts

Page 1 continued...
SOLUTION CORNWALL LIMITED (REGISTERED NUMBER: 06843472)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 21 December 2016 and were signed on its behalf
by:





N C Vousden-White - Director


The notes form part of these abbreviated accounts

Page 2
SOLUTION CORNWALL LIMITED (REGISTERED NUMBER: 06843472)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements are prepared on the going concern basis assuming the continued support of the
Directors.

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.

Improvements to property - over the period of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Page 3 continued...
SOLUTION CORNWALL LIMITED (REGISTERED NUMBER: 06843472)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 506
AMORTISATION
At 1 April 2015
and 31 March 2016 506
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 38,537
Additions 13,866
At 31 March 2016 52,403
DEPRECIATION
At 1 April 2015 22,693
Charge for year 7,486
At 31 March 2016 30,179
NET BOOK VALUE
At 31 March 2016 22,224
At 31 March 2015 15,844

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 3,275 (31.3.15 - £ 2,794 )

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
100 Ordinary £1 100 100

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SOLUTION CORNWALL LIMITED (REGISTERED NUMBER: 06843472)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and
31 March 2015:

31.3.16 31.3.15
£    £   
N C Vousden-White
Balance outstanding at start of year 9,506 11,177
Amounts advanced 15,663 1,745
Amounts repaid (16,753 ) (3,416 )
Balance outstanding at end of year 8,416 9,506

Interest was charged, at the official rate, on all amounts advanced to the director this year. Total interest charged
was £212 (2015 : £333).

7. ULTIMATE CONTROLLING PARTY

The controlling party is N C Vousden-White.

Page 5