Silver Lining Actuarial Models Ltd - Limited company accounts 11.6

REGISTERED NUMBER: 07623268 (England and Wales)

SILVER LINING ACTUARIAL MODELS LTD

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31st March 2014

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

P B Hopkins

REGISTERED OFFICE:

Hutchins Cottage

Horley Row

Horley

Surrey

RH6 8DF

REGISTERED NUMBER:

07623268 (England and Wales)

ACCOUNTANTS:

The Bailey Partnership

Chartered Accountants

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

The director presents his report with the financial statements of the company for the year ended

31st March 2014.

DIRECTOR

P B Hopkins held office during the whole of the period from 1st April 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

P B Hopkins - Director

24th December 2014

TURNOVER

172,827

131,248

Administrative expenses

20,550

36,677

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

152,277

94,571

Tax on profit on ordinary activities

3

30,741

18,852

PROFIT FOR THE FINANCIAL YEAR

121,536

75,719

FIXED ASSETS

Tangible assets

5

1,086

1,448

CURRENT ASSETS

Debtors

6

38,381

3,600

Cash at bank

68,285

47,420

106,666

51,020

CREDITORS

Amounts falling due within one year

7

41,678

37,930

NET CURRENT ASSETS

64,988

13,090

TOTAL ASSETS LESS CURRENT LIABILITIES

66,074

14,538

CAPITAL AND RESERVES

Called up share capital

8

10

10

Profit and loss account

9

66,064

14,528

SHAREHOLDERS' FUNDS

66,074

14,538

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 24th December 2014 and were signed by:

P B Hopkins - 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 services, 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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2014

2013

£

£

Depreciation - owned assets

362

430

Directors' remuneration and other benefits etc

7,650

14,800

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2014

2013

£

£

Current tax:

UK corporation tax

30,741

18,852

Tax on profit on ordinary activities

30,741

18,852

4.

DIVIDENDS

2014

2013

£

£

Ordinary shares of 0.01p each

Final

70,000

75,000

Interim

-

15,000

70,000

90,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2013

and 31st March 2014

1,933

DEPRECIATION

At 1st April 2013

485

Charge for year

362

At 31st March 2014

847

NET BOOK VALUE

At 31st March 2014

1,086

At 31st March 2013

1,448

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Trade debtors

-

3,600

Other debtors

38,381

-

38,381

3,600

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Trade creditors

59

-

Taxation and social security

39,939

34,055

Other creditors

1,680

3,875

41,678

37,930

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

0.01p

10

10

9.

RESERVES

Profit

and loss

account

£

At 1st April 2013

14,528

Profit for the year

121,536

Dividends

(70,000

)

At 31st March 2014

66,064