Swizzle Securities Limited - Limited company - abbreviated - 11.6
Swizzle Securities Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| SWIZZLE SECURITIES LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| SWIZZLE SECURITIES LIMITED (REGISTERED NUMBER: 06824165) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| SWIZZLE SECURITIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| SWIZZLE SECURITIES LIMITED (REGISTERED NUMBER: 06824165) |
| ABBREVIATED BALANCE SHEET |
| 30 APRIL 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on |
| SWIZZLE SECURITIES LIMITED (REGISTERED NUMBER: 06824165) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 APRIL 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Going concern |
| At 30 April 2014 the company had net current liabilities of £64,577. However the company has the support of its |
| related parties and main suppliers and therefore the directors are satisfied that the company will continue as a |
| going concern and the financial statements have been prepared on this basis. |
| Patents and licences |
| Patents and licences obtained by the company are shown at cost less amortisation. They are amortised at rates |
| calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed |
| twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying |
| value of an asset may not be fully recoverable. |
| Research and development |
| Expenditure on pure and applied research is written off as incurred. Expenditure on development is capitalised. |
| Amortisation of development costs will commence with the commercial production of the product. At which time |
| it will be amortised over five years, during which time the company expects to derive economic benefit. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2013 |
| and 30 April 2014 |
| AMORTISATION |
| At 1 May 2013 |
| Amortisation for year |
| At 30 April 2014 |
| NET BOOK VALUE |
| At 30 April 2014 |
| At 30 April 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 20p |