Abbreviated Company Accounts - SELENDALE LIMITED

02775745 SELENDALE LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 02775745 2014-05-01 2015-04-30 02775745 2015-04-30 02775745 2014-04-30 02775745 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 02775745 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:Director3 2014-05-01 2015-04-30 uk-gaap-cd-bus:Director3 2015-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 02775745

SELENDALE LIMITED

Abbreviated Accounts

30 April 2015

SELENDALE LIMITED Registered Number 02775745

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	19,801	27,804
Investments	3	2,000	-
		21,801	27,804
Current assets
Debtors	4	334,112	381,686
Cash at bank and in hand		366,146	448,890
		700,258	830,576
Creditors: amounts falling due within one year		(57,218)	(88,361)
Net current assets (liabilities)		643,040	742,215
Total assets less current liabilities		664,841	770,019
Provisions for liabilities		(530)	(1,459)
Total net assets (liabilities)		664,311	768,560
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		664,211	768,460
Shareholders' funds		664,311	768,560

For the year ending 30 April 2015 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 29 January 2016

And signed on their behalf by:
Hugh Grover, Director

SELENDALE LIMITED Registered Number 02775745

Notes to the Abbreviated Accounts for the period ended 30 April 2015

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 services falling within the company's ordinary activity.

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:

Leasehold properties - Straight line over the life of the lease
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Pensions
Contributions to the personal pension schemes of employees are charged to profit and loss account for the year in which they are paid to the respective schemes.

Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.

2Tangible fixed assets

	£
Cost
At 1 May 2014	167,207
Additions	850
Disposals	(23,865)
Revaluations	-
Transfers	-
At 30 April 2015	144,192
Depreciation
At 1 May 2014	139,403
Charge for the year	6,397
On disposals	(21,409)
At 30 April 2015	124,391
Net book values
At 30 April 2015	19,801
At 30 April 2014	27,804

3Fixed assets Investments
Additions in year ended 30 April 2015: £2,000

4Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	244,909	263,091

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

6Transactions with directors

Name of director receiving advance or credit:	Hugh Grover
Description of the transaction:	Advances to director
Balance at 1 May 2014:	£ 54,555
Advances or credits made:	£ 225,043
Advances or credits repaid:	£ 257,037
Balance at 30 April 2015:	£ 22,561

During the year the short term, unsecured and interest free loan granted in previous the year was repaid. Also during the year a further short term, unsecured and interest free loan was granted to Mr Grover by the company. No amount of this loan has been written off or waived in respect of the year under review.