Company Registration No. 06792119 (England and Wales)
SEE FOR MILES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2015
SEE FOR MILES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SEE FOR MILES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3,500
3,750
Tangible assets
2
294
531
3,794
4,281
Current assets
Debtors
189
2,730
Cash at bank and in hand
1,047
3,674
1,236
6,404
Creditors: amounts falling due within one year
(4,531)
(8,791)
Net current liabilities
(3,295)
(2,387)
Total assets less current liabilities
499
1,894
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
497
1,892
Shareholders' funds
499
1,894
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 October 2015
Mrs Helen Payne-Kumar
Director
Company Registration No. 06792119
SEE FOR MILES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
1/3 Straight line
Fixtures, fittings & equipment
25% Reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 February 2014 & at 31 January 2015
5,000
1,105
6,105
Depreciation
At 1 February 2014
1,250
574
1,824
Charge for the year
250
237
487
At 31 January 2015
1,500
811
2,311
Net book value
At 31 January 2015
3,500
294
3,794
At 31 January 2014
3,750
531
4,281
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2