Solent Managements Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07685369 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Solent Managements Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr C J Atkinson

SECRETARY:

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

07685369 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

FIXED ASSETS

Tangible assets

2

820

1,093

CURRENT ASSETS

Debtors

49,600

20,572

Cash at bank

2

7

49,602

20,579

CREDITORS

Amounts falling due within one year

21,686

13,819

NET CURRENT ASSETS

27,916

6,760

TOTAL ASSETS LESS CURRENT LIABILITIES

28,736

7,853

CAPITAL AND RESERVES

Called up share capital

3

102

102

Profit and loss account

28,634

7,751

SHAREHOLDERS' FUNDS

28,736

7,853

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 director acknowledges his 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 director on 17 January 2017 and were signed by:

Mr C J Atkinson - Director

1.	ACCOUNTING POLICIES

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.

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 April 2015

and 31 March 2016

1,870

DEPRECIATION

At 1 April 2015

777

Charge for year

273

At 31 March 2016

1,050

NET BOOK VALUE

At 31 March 2016

820

At 31 March 2015

1,093

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

102

102

4.	DIRECTOR'S 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

£

£

Mr C J Atkinson

Balance outstanding at start of year

5,897

50,659

Amounts advanced

69,661

4,941

Amounts repaid

(30,000

)

(49,703

)

Balance outstanding at end of year

45,558

5,897

The director has advised that any outstanding overdrawn balance on his loan account will have been repaid by 31.12.16.