SiEMEA Limited
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Registered number: |
05531038
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Abbreviated Balance Sheet |
as at 31 August 2015
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|
Notes |
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|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
523 |
|
|
488 |
|
Current assets |
Debtors |
|
|
15,598 |
|
|
- |
Cash at bank and in hand |
|
|
7,050 |
|
|
60 |
|
|
|
22,648 |
|
|
60 |
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Creditors: amounts falling due within one year |
|
|
(14,102) |
|
|
(1,195) |
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Net current assets/(liabilities) |
|
|
|
8,546 |
|
|
(1,135) |
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Net assets/(liabilities) |
|
|
|
9,069 |
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|
(647) |
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|
|
|
|
|
|
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Capital and reserves |
Called up share capital |
3 |
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
9,068 |
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(648) |
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Shareholders' funds |
|
|
|
9,069 |
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(647) |
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|
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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.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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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.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
M J Edwards |
Director |
Approved by the board on 23 May 2016
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|
SiEMEA Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 August 2015
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover |
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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.
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
33% reducing balance
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Deferred taxation |
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The Directors consider that, notwithstanding the company's negative net assets position, it is appropriate to prepare the accounts on a going concern basis as the company will be able to continue to meet liabilities as they fall due, due to the continuing support of the directors. |
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2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2014 |
2,147 |
|
Additions |
296 |
|
At 31 August 2015 |
2,443 |
|
|
|
|
|
|
|
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Depreciation |
|
At 1 September 2014 |
1,659 |
|
Charge for the year |
261 |
|
At 31 August 2015 |
1,920 |
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|
|
|
|
|
|
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Net book value |
|
At 31 August 2015 |
523 |
|
At 31 August 2014 |
488 |
|
|
|
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3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1 |
|
1 |
|
1 |
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