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 2016

SOLID ROCK ACCOUNTANCY LIMITED Registered Number 05452871

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 58,656 51,700
Tangible assets 3 300,381 268,296
359,037 319,996
Current assets
Debtors 46,649 53,723
Cash at bank and in hand 49,775 62,745
96,424 116,468
Creditors: amounts falling due within one year (168,873) (165,768)
Net current assets (liabilities) (72,449) (49,300)
Total assets less current liabilities 286,588 270,696
Creditors: amounts falling due after more than one year (194,402) (181,509)
Total net assets (liabilities) 92,186 89,187
Capital and reserves
Called up share capital 1,000 1,000
Share premium account 21,200 21,200
Profit and loss account 69,986 66,987
Shareholders' funds 92,186 89,187
  • 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 28 February 2017

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

SOLID ROCK ACCOUNTANCY LIMITED Registered Number 05452871

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

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%
Freehold Property 0%

2Intangible fixed assets
£
Cost
At 1 June 2015 51,700
Additions 9,400
Disposals -
Revaluations -
Transfers -
At 31 May 2016 61,100
Amortisation
At 1 June 2015 -
Charge for the year 2,444
On disposals -
At 31 May 2016 2,444
Net book values
At 31 May 2016 58,656
At 31 May 2015 51,700
3Tangible fixed assets
£
Cost
At 1 June 2015 284,926
Additions 65,587
Disposals (26,096)
Revaluations -
Transfers -
At 31 May 2016 324,417
Depreciation
At 1 June 2015 16,630
Charge for the year 12,843
On disposals (5,437)
At 31 May 2016 24,036
Net book values
At 31 May 2016 300,381
At 31 May 2015 268,296