Abbreviated Company Accounts - SOPHIE SOLOMON LIMITED

Abbreviated Company Accounts - SOPHIE SOLOMON LIMITED

SOPHIE SOLOMON LIMITED - Company Information

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Registered Number 05416381

SOPHIE SOLOMON LIMITED

Abbreviated Accounts

31 March 2014

SOPHIE SOLOMON LIMITED Registered Number 05416381

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 30,000 30,000
30,000 30,000
Current assets
Debtors 6,912 -
Cash at bank and in hand 8,047 12,915
14,959 12,915
Creditors: amounts falling due within one year (871) (2,931)
Net current assets (liabilities) 14,088 9,984
Total assets less current liabilities 44,088 39,984
Provisions for liabilities (5,437) (5,313)
Total net assets (liabilities) 38,651 34,671
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 38,551 34,571
Shareholders' funds 38,651 34,671
  • 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 directors acknowledge their 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 Board on 23 December 2014

And signed on their behalf by:
Sophie Jankovic, Director

SOPHIE SOLOMON LIMITED Registered Number 05416381

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its useful life, as follows:
Plant & Machinery- Stated at cost, as asset is not expected to depreciate and has an indeterminable useful life.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 April 2013 30,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 30,000
Depreciation
At 1 April 2013 -
Charge for the year -
On disposals -
At 31 March 2014 -
Net book values
At 31 March 2014 30,000
At 31 March 2013 30,000
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: Mrs S Jankovic
Description of the transaction: Loan Account
Balance at 1 April 2013: £ 0
Advances or credits made: £ 49,835
Advances or credits repaid: £ 42,955
Balance at 31 March 2014: £ 6,880

Included in additional advances is a negative opening balance at 1 April 2013 of £2,864.