Startup Software Limited - Limited company - abbreviated - 11.6

STARTUP SOFTWARE 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:

G N Gaunt

N M Gaunt

D J Gaunt

SECRETARY:

Mrs G H Gaunt

REGISTERED OFFICE:

6A Mill Field Road

Cottingley Business Park

Cottingley

Bingley

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

05692022

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

2

16,833

19,216

CURRENT ASSETS

Stocks

233,763

248,285

Debtors

98,313

117,286

Cash at bank and in hand

28,880

40,520

360,956

406,091

CREDITORS

Amounts falling due within one year

284,933

332,739

NET CURRENT ASSETS

76,023

73,352

TOTAL ASSETS LESS CURRENT LIABILITIES

92,856

92,568

PROVISIONS FOR LIABILITIES

2,899

3,227

NET ASSETS

89,957

89,341

CAPITAL AND RESERVES

Called up share capital

3

80,050

80,050

Profit and loss account

9,907

9,291

SHAREHOLDERS' FUNDS

89,957

89,341

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 19 December 2014 and were signed on its behalf by:

G N Gaunt - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Fixtures and fittings

-

15% on reducing balance

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

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

36,496

Additions

587

At 31 March 2014

37,083

DEPRECIATION

At 1 April 2013

17,280

Charge for year

2,970

At 31 March 2014

20,250

NET BOOK VALUE

At 31 March 2014

16,833

At 31 March 2013

19,216

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

80,048

Ordinary shares

1

80,048

80,048

2

A ordinary shares

1

2

2

80,050

80,050