Abbreviated Company Accounts - SIR SOLUTIONS LTD

Registered Number 07629741

SIR SOLUTIONS LTD

Abbreviated Accounts

31 May 2016

SIR SOLUTIONS LTD Registered Number 07629741

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3	3
		3	3
Current assets
Debtors		83	523
Cash at bank and in hand		84,517	60,405
		84,600	60,928
Creditors: amounts falling due within one year		(20,160)	(30,760)
Net current assets (liabilities)		64,440	30,168
Total assets less current liabilities		64,443	30,171
Total net assets (liabilities)		64,443	30,171
Capital and reserves
Called up share capital		2	2
Profit and loss account		64,441	30,169
Shareholders' funds		64,443	30,171

For the year ending 31 May 2016 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 25 September 2016

And signed on their behalf by:
M Irsara, Director

SIR SOLUTIONS LTD Registered Number 07629741

Notes to the Abbreviated Accounts for the period ended 31 May 2016

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Plant and machinery 20% straight line

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 June 2015	2,439
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	2,439
Depreciation
At 1 June 2015	2,436
Charge for the year	-
On disposals	-
At 31 May 2016	2,436
Net book values
At 31 May 2016	3
At 31 May 2015	3