S O T S (Beaminster) Limited - Period Ending 2014-03-31

SOTS (BEAMINSTER) LIMITED - Company Information

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Registration number: 07819951

S O T S (Beaminster) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014

Kennedy Legg
Accountants
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

S O T S (Beaminster) Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
S O T S (Beaminster) Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S O T S (Beaminster) Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of S O T S (Beaminster) Limited, as a body, in accordance with the terms of our engagement letterdated 17 November 2011. Our work has been undertaken solely to prepare for your approval the accounts of S O T S (Beaminster) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S O T S (Beaminster) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that S O T S (Beaminster) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of S O T S (Beaminster) Limited. You consider that S O T S (Beaminster) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of S O T S (Beaminster) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kennedy Legg
Accountants
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

5 November 2014

Page 1

S O T S (Beaminster) Limited
(Registration number: 07819951)
Abbreviated Balance Sheet at 31 March 2014

	Note	31 March 2014 £	31 March 2013 £
Fixed assets
Investments		83,027	63,250
Current assets
Debtors		100	100
Creditors: Amounts falling due within one year		(16,377)	(26,761)
Net current liabilities		(16,277)	(26,661)
Net assets		66,750	36,589
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		1,000	1,000
Profit and loss account		65,650	35,489
Shareholders' funds		66,750	36,589

For the year ending 31 March 2014 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 director acknowledges her 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 director on 5 November 2014

.........................................
H E O'Sullivan
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

S O T S (Beaminster) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... 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 the company's share of partnership profits.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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

	Investments £	Total £
Cost
At 1 April 2013	63,250	63,250
Additions	19,777	19,777
At 31 March 2014	83,027	83,027
Depreciation
At 31 March 2014	-	-
Net book value
At 31 March 2014	83,027	83,027
At 31 March 2013	63,250	63,250

The Salon On The Square partnership is a partnership between the company and H E O'Sullivan. The investment represents the company's accumulated share of profits and losses derived from the venture, together with its capital introduced.

3	Share capital

Allotted, called up and fully paid shares

	31 March 2014			31 March 2013
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

Page 3