Severn Bay Corporate Solutions Limited - Abbreviated accounts

Registered number

07254924

Severn Bay Corporate Solutions Limited

Abbreviated Accounts

31 May 2016

Severn Bay Corporate Solutions Limited
Registered number:		07254924
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		7,945			4,897

Current assets
Debtors		83,719			107,923
Cash at bank and in hand		7,187			-
		90,906			107,923

Creditors: amounts falling due within one year		(70,478)			(69,604)

Net current assets			20,428			38,319

Net assets			28,373			43,216

Capital and reserves
Called up share capital	3		170			155
Share premium			69,930			54,945
Profit and loss account			(41,727)			(11,884)

Shareholders' funds			28,373			43,216

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr N Adams
Director
Approved by the board on 4 January 2017

Severn Bay Corporate Solutions Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Office equipment and furniture			15% straight line


	Leasing and hire purchase commitments
	Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2	Tangible fixed assets					£

	Cost
	At 1 June 2015					8,775
	Additions					4,504
	At 31 May 2016					13,279

	Depreciation
	At 1 June 2015					3,878
	Charge for the year					1,456
	At 31 May 2016					5,334

	Net book value
	At 31 May 2016					7,945
	At 31 May 2015					4,897


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100
	Preference shares	£1 each		70		70		55
						170		155

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Preference shares	£1 each		15		15