Micro-entity Accounts - SECO-SOL LIMITED

08571783 SECO-SOL LIMITED 2017-09-30 false 2016-10-01 2017-09-30 true 08571783 2016-10-01 2017-09-30 08571783 2017-09-30 08571783 2016-09-30 08571783 uk-gaap-cd-bus:Director1 2016-10-01 2017-09-30 08571783 uk-gaap-cd-bus:Director2 2016-10-01 2017-09-30 08571783 uk-gaap-cd-bus:AllEntityOfficers 2016-10-01 2017-09-30 iso4217:GBP shares

Registered Number 08571783

SECO-SOL LIMITED

Micro-entity Accounts

30 September 2017

SECO-SOL LIMITED Registered Number 08571783

Micro-entity Balance Sheet as at 30 September 2017

	2017	2016
	£	£
Current assets
Stocks	9,902	10,102
Debtors	2	16
Cash at bank and in hand	54	248
	9,958	10,366
Creditors: amounts falling due within one year	(20,831)	(20,200)
Net current assets (liabilities)	(10,873)	(9,834)
Total assets less current liabilities	(10,873)	(9,834)
Total net assets (liabilities)	(10,873)	(9,834)
Capital and reserves
Called up share capital	2	2
Profit and loss account	(10,875)	(9,836)
Shareholders' funds	(10,873)	(9,834)

For the year ending 30 September 2017 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 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 June 2018

And signed on their behalf by:
A J Mackie, Director

SECO-SOL LIMITED Registered Number 08571783

Notes to the Micro-entity Accounts for the period ended 30 September 2017

1Accounting Policies

Basis of measurement and preparation of accounts
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the going concern concept despite the company having an excess of liabilities over assets. The director has agreed to continue to support the company to enable it to meet its liabilities as they fall due and does not believe that any adjustments are necessary to write down stock or provide for any additional costs that might be incurred if the going concern basis were found to be inappropriate.

Turnover policy
Turnover is measured in the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Other accounting policies
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.