Schemus Ltd - Period Ending 2013-12-31

Registration number: 06777905

Schemus Ltd
 
  Abbreviated Accounts
 
  for the Year Ended 31 December 2013
 

Tim Phillips & Co Ltd
Accountants
Cart House 2
Copley Hill Business Park
Cambridge Road, Babraham
Cambridge
CB22 3GN

Schemus Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Schemus Ltd
(Registration number: 06777905)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					682			1,365
Current assets
Debtors					48,049			49
Cash at bank and in hand					204,880			192,271
					252,929			192,320
Creditors: Amounts falling due within one year					(40,916)			(45,036)
Net current assets					212,013			147,284
Net assets					212,695			148,649
Capital and reserves
Called up share capital		3			50			50
Profit and loss account					212,645			148,599
Shareholders' funds					212,695			148,649

For the year ending 31 December 2013 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 16 April 2014 and signed on its behalf by:

.........................................
D R Lamkin
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Schemus Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33.33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2013		2,048			2,048
At 31 December 2013		2,048			2,048
Depreciation
At 1 January 2013		683			683
Charge for the year		683			683
At 31 December 2013		1,366			1,366
Net book value
At 31 December 2013		682			682
At 31 December 2012		1,365			1,365

Page 2

Schemus Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary of £1 each		50			50			50			50

Page 3