REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2015 |
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FOR |
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SIMPLY SOURCING LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2015 |
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FOR |
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SIMPLY SOURCING LTD |
SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
SIMPLY SOURCING LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
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31/3/14 | 31/3/15 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
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Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
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Amounts falling due within one year |
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( |
) | NET CURRENT LIABILITIES | ( |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
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Called up share capital | 4 |
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) | Profit and loss account | ( |
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( |
) | SHAREHOLDERS' FUNDS | ( |
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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. |
SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
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ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2015 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Research and development |
Research and development costs relate to the development of a valve for the inflating of party |
balloons, which reduces the volume of helium required to inflate the balloon. Development costs are |
capitalised in the year in which they arise. No amortisation will be provided until such time as the |
product is fully developed and at a stage where it can be marketed for sale. |
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Tangible fixed assets |
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Computer equipment | - |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
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Going concern |
These accounts have been prepared on the going concern basis, the validity of which is dependant |
upon the continued support of the directors. The directors have confirmed their support for a period |
of at least twelve months from the date of signing these financial statements. The going concern basis |
is therefore considered appropriate. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
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At 31 March 2015 |
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NET BOOK VALUE |
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At 31 March 2015 |
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SIMPLY SOURCING LTD (REGISTERED NUMBER: 05937779) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
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Additions |
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Disposals | ( |
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At 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/15 | 31/3/14 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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200 | 200 |