Abbreviated Company Accounts - SOARING FALCON LIMITED

Abbreviated Company Accounts - SOARING FALCON LIMITED


Registered Number 08537217

SOARING FALCON LIMITED

Abbreviated Accounts

31 May 2014

SOARING FALCON LIMITED Registered Number 08537217

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014
£
Fixed assets
Tangible assets 2 1,164
1,164
Current assets
Cash at bank and in hand 5,009
5,009
Creditors: amounts falling due within one year (5,862)
Net current assets (liabilities) (853)
Total assets less current liabilities 311
Total net assets (liabilities) 311
Capital and reserves
Called up share capital 3 1
Profit and loss account 310
Shareholders' funds 311
  • For the year ending 31 May 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 10 November 2014

And signed on their behalf by:
A Falcon, Director

SOARING FALCON LIMITED Registered Number 08537217

Notes to the Abbreviated Accounts for the period ended 31 May 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 and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings
and equipment - 25% straight line

2Tangible fixed assets
£
Cost
Additions 1,434
Disposals -
Revaluations -
Transfers -
At 31 May 2014 1,434
Depreciation
Charge for the year 270
On disposals -
At 31 May 2014 270
Net book values
At 31 May 2014 1,164
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
1 Ordinary shares of £1 each 1