Abbreviated Company Accounts - SOLID ROCK ACCOUNTANCY LIMITED

Abbreviated Company Accounts - SOLID ROCK ACCOUNTANCY LIMITED


Registered Number 05452871

SOLID ROCK ACCOUNTANCY LIMITED

Abbreviated Accounts

31 May 2014

SOLID ROCK ACCOUNTANCY LIMITED Registered Number 05452871

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 51,700 51,700
Tangible assets 3 25,657 18,232
77,357 69,932
Current assets
Debtors 56,069 50,193
Cash at bank and in hand 44,142 39,893
100,211 90,086
Creditors: amounts falling due within one year (98,065) (89,454)
Net current assets (liabilities) 2,146 632
Total assets less current liabilities 79,503 70,564
Creditors: amounts falling due after more than one year (18,033) (19,007)
Total net assets (liabilities) 61,470 51,557
Capital and reserves
Called up share capital 1,000 1,000
Share premium account 21,200 21,200
Profit and loss account 39,270 29,357
Shareholders' funds 61,470 51,557
  • 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 27 February 2015

And signed on their behalf by:
Mr Mansoor Yousuf, Director

SOLID ROCK ACCOUNTANCY LIMITED Registered Number 05452871

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

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared in accordance with the special provisions
relating to small companies within Part 15 of the Companies Act 2006 and with
the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy
Turnover is the total amount receivable by the company in the ordinary course of
business from outside customers for services provided and any goods supplied
excluding VAT The turnover and operating costs are attributable to the principal
activity of the business being that of accountants and tax advisors

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated
on the reducing balance method and aims to write down cost less estimated residual
value of all tangible fixed assets over their expected useful lives The rates are as
follows:-

Equipment 15%
Motor Vehicle 25%

2Intangible fixed assets
£
Cost
At 1 June 2013 51,700
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 51,700
Amortisation
At 1 June 2013 -
Charge for the year -
On disposals -
At 31 May 2014 -
Net book values
At 31 May 2014 51,700
At 31 May 2013 51,700
3Tangible fixed assets
£
Cost
At 1 June 2013 30,093
Additions 15,131
Disposals -
Revaluations -
Transfers -
At 31 May 2014 45,224
Depreciation
At 1 June 2013 11,861
Charge for the year 7,706
On disposals -
At 31 May 2014 19,567
Net book values
At 31 May 2014 25,657
At 31 May 2013 18,232