Abbreviated Company Accounts - SEOTT LIMITED

07765197 SEOTT LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 07765197 2013-01-01 2013-12-31 07765197 2013-12-31 07765197 2012-12-31 07765197 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 07765197 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 07765197

SEOTT LIMITED

Abbreviated Accounts

31 December 2013

SEOTT LIMITED Registered Number 07765197

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	485	1,132
Tangible assets	3	13,892	13,772
		14,377	14,904
Current assets
Debtors		3,137	14,485
Cash at bank and in hand		12,432	1,193
		15,569	15,678
Creditors: amounts falling due within one year		(289,105)	(158,700)
Net current assets (liabilities)		(273,536)	(143,022)
Total assets less current liabilities		(259,159)	(128,118)
Total net assets (liabilities)		(259,159)	(128,118)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(259,160)	(128,119)
Shareholders' funds		(259,159)	(128,118)

For the year ending 31 December 2013 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 21 March 2014

And signed on their behalf by:
M J Howarth, Director

SEOTT LIMITED Registered Number 07765197

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
Revenue described as turnover in the financial statements is the value of goods and services net of VAT provided to customers during the year.

Tangible assets depreciation policy
The cost of fixed assets include expenditure directly incurred in bringing the assets into working condition for their intended use. Depreciation is provided at the following annual rates in order to allocate the depreciable amount of each asset over its estimated useful life.

Trademarks : 10% reducing balance
Domain Names : 50% straight line
Computers : 33.3% straight line
Website : 33.3% straight line

2Intangible fixed assets

	£
Cost
At 1 January 2013	1,340
Additions	40
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	1,380
Amortisation
At 1 January 2013	208
Charge for the year	687
On disposals	-
At 31 December 2013	895
Net book values
At 31 December 2013	485
At 31 December 2012	1,132

3Tangible fixed assets

	£
Cost
At 1 January 2013	13,790
Additions	5,503
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	19,293
Depreciation
At 1 January 2013	18
Charge for the year	5,383
On disposals	-
At 31 December 2013	5,401
Net book values
At 31 December 2013	13,892
At 31 December 2012	13,772

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary shares of £1 each	1	1