Abbreviated Company Accounts - SUNSIDE LIMITED

SC355303 SUNSIDE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true SC355303 2013-04-01 2014-03-31 SC355303 2014-03-31 SC355303 2013-03-31 SC355303 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 SC355303 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:Director4 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director4 2014-03-31 uk-gaap-cd-bus:Director4 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number SC355303

SUNSIDE LIMITED

Abbreviated Accounts

31 March 2014

SUNSIDE LIMITED Registered Number SC355303

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	24,975	11,063
		24,975	11,063
Current assets
Debtors		28,301	43,475
Cash at bank and in hand		35	1,990
		28,336	45,465
Creditors: amounts falling due within one year		(37,950)	(27,871)
Net current assets (liabilities)		(9,614)	17,594
Total assets less current liabilities		15,361	28,657
Total net assets (liabilities)		15,361	28,657
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		15,351	28,647
Shareholders' funds		15,361	28,657

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 16 January 2015

And signed on their behalf by:
Bhaljeet Tank, Director

SUNSIDE LIMITED Registered Number SC355303

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 expected useful life, as follows:

Plant and machinery - 33.33% straight line
Fixtures, fittings and equipment - 20% straight line
Motor vehicles - 25% straight line

Valuation information and policy
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Other accounting policies
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2Tangible fixed assets

	£
Cost
At 1 April 2013	17,407
Additions	19,340
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	36,747
Depreciation
At 1 April 2013	6,344
Charge for the year	5,428
On disposals	-
At 31 March 2014	11,772
Net book values
At 31 March 2014	24,975
At 31 March 2013	11,063

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10 Ordinary shares of £1 each	10	10

4Transactions with directors

Name of director receiving advance or credit:	Bhaljeet Tank
Description of the transaction:	advances in year
Balance at 1 April 2013:	£ 11,671
Advances or credits made:	-
Advances or credits repaid:	£ 9,161
Balance at 31 March 2014:	£ 2,510

Name of director receiving advance or credit:	Shaminder Tank
Description of the transaction:	advances in year
Balance at 1 April 2013:	£ 12,736
Advances or credits made:	-
Advances or credits repaid:	£ 9,854
Balance at 31 March 2014:	£ 2,882