Selenta Limited - Limited company - abbreviated - 11.6
Selenta Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st March 2014 |
| for |
| SELENTA LIMITED |
| SELENTA LIMITED (REGISTERED NUMBER: 08010241) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| SELENTA LIMITED |
| Company Information |
| for the Year Ended 31st March 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| SELENTA LIMITED (REGISTERED NUMBER: 08010241) |
| Abbreviated Balance Sheet |
| 31st March 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| SELENTA LIMITED (REGISTERED NUMBER: 08010241) |
| Abbreviated Balance Sheet - continued |
| 31st March 2014 |
| 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 financial statements were approved by the Board of Directors on signed on its behalf by: |
| SELENTA LIMITED (REGISTERED NUMBER: 08010241) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st March 2014 |
| 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Intangible fixed assets |
| Intangible assets relate to franchise fees and are initially recognised at cost. Intangible assets |
| are reviewed for impairment at the end of the first accounting period following the date of |
| purchase and thereafter, when events or changes in circumstances indicate that the carrying |
| values may not be recoverable. |
| Amortisation is provided at the following annual rates in order to write off each asset over its |
| estimated useful life. |
| Franchise fees 20% on cost |
| Software 25% on cost |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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 arises as a result of including items of income and expenditure in taxation |
| computations in periods different from those in which they are included in the company's |
| accounts. Deferred tax is provided in full on timing differences which result in an obligation |
| to pay more or (or less) tax at a future date. A net deferred tax asset is regarded as recoverable |
| and therefore recognised only to the extent that, on the basis of all available evidence, it can |
| be regarded as more likely than not that there will be suitable profits from which the future |
| reversal of the underlying timing difference can be deducted. Deferred tax is measured at the |
| average tax rates that are expected to apply when the timing differences reverse, based on |
| current tax law and rates. Deferred tax assets and liabilities are not discounted. |
| 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. |
| SELENTA LIMITED (REGISTERED NUMBER: 08010241) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st March 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2013 |
| and 31st March 2014 |
| AMORTISATION |
| Amortisation for year |
| At 31st March 2014 |
| NET BOOK VALUE |
| At 31st March 2014 |
| At 31st March 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31st March 2014 |
| DEPRECIATION |
| Charge for year |
| At 31st March 2014 |
| NET BOOK VALUE |
| At 31st March 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 81,189 | - |
| SELENTA LIMITED (REGISTERED NUMBER: 08010241) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st March 2014 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 1 |