Siriwardana Limited - Filleted accounts

Registered number

07395871

Siriwardana Limited

Filleted Accounts

31 October 2017

Siriwardana Limited
Registered number:		07395871
Balance Sheet
as at 31 October 2017

Notes			2017			2016
£				£
Current assets
Debtors	2	-			8,154
Cash at bank and in hand		277,513			254,428
		277,513			262,582

Creditors: amounts falling due within one year	3	(29,019)			(25,043)

Net current assets			248,494			237,539

Net assets			248,494			237,539

Capital and reserves
Called up share capital			100			100
Profit and loss account			248,394			237,439

Shareholders' funds			248,494			237,539

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr A S Mudiyanselage
Director
Approved by the board on 14 November 2017

Siriwardana Limited
Notes to the Accounts
for the year ended 31 October 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


2	Debtors	2017		2016
£			£

	Director's loan account	-		8,154


3	Creditors: amounts falling due within one year	2017		2016
£			£

	Director's loan account	19,842		-
	Corporation tax	8,662		24,310
	Other taxes and social security costs	-		192
	Other creditors	515		541
		29,019		25,043



4	Related party transactions

	During the year dividends totalling £25,000 were paid to the director, Dr A S Mudiyanselage


5	Controlling party

	The company is controlled by the director and sole shareholder, Dr A S Mudiyanselage.


4	Other information

	Siriwardana Limited is a private company limited by shares and incorporated in England. Its registered office is:
	56 Lady Ediths Avenue
	Scarborough
	YO12 5RB

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