Soho Consulting Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04381132 (England and Wales)

Soho Consulting Limited

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S C P Owen

H A H Owen

SECRETARY:

Mrs S K Owen

REGISTERED OFFICE:

158-160 Ravenscroft Road

Beckenham

Kent

BR3 4TW

REGISTERED NUMBER:

04381132 (England and Wales)

ACCOUNTANTS:

Langdon West Williams PLC

Curzon House 2nd Floor

24 High Street

Banstead

Surrey

SM7 2LJ

FIXED ASSETS

Tangible assets

2

7,211

10,969

CURRENT ASSETS

Stocks

55,687

50,806

Debtors

286,445

151,260

Cash at bank

277,433

276,982

619,565

479,048

CREDITORS

Amounts falling due within one year

263,735

273,811

NET CURRENT ASSETS

355,830

205,237

TOTAL ASSETS LESS CURRENT LIABILITIES

363,041

216,206

CREDITORS

Amounts falling due after more than one year

-

(1,691

)

PROVISIONS FOR LIABILITIES

(93

)

(548

)

NET ASSETS

362,948

213,967

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

362,848

213,867

SHAREHOLDERS' FUNDS

362,948

213,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 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 2 December 2014 and were signed on its behalf by:

S C P Owen - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards.

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 April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

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 2013

43,020

Additions

8,060

At 31 March 2014

51,080

DEPRECIATION

At 1 April 2013

32,051

Charge for year

11,818

At 31 March 2014

43,869

NET BOOK VALUE

At 31 March 2014

7,211

At 31 March 2013

10,969

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S C P Owen.