Southside & Co Limited
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Registered number: |
07737407
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Abbreviated Balance Sheet |
as at 31 December 2015
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Notes |
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2015 |
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2014 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
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51,000 |
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|
59,500 |
Tangible assets |
3 |
|
|
1,184 |
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|
1,579 |
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52,184 |
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61,079 |
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Current assets |
Cash at bank and in hand |
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83,918 |
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75,816 |
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Creditors: amounts falling due within one year |
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(130,307) |
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(128,243) |
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Net current liabilities |
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(46,389) |
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(52,427) |
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Net assets |
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5,795 |
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8,652 |
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Capital and reserves |
Called up share capital |
4 |
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2 |
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2 |
Profit and loss account |
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5,793 |
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8,650 |
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Shareholders' funds |
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5,795 |
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8,652 |
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The director is 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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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his 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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Mr S. Dave |
Director |
Approved by the board on 21 September 2016
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Southside & Co Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 December 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 January 2015).
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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 etc. |
25% reducing balance
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Motor vehicles |
25% straight line
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2 |
Intangible fixed assets |
£ |
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Cost |
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At 1 January 2015 |
85,000 |
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At 31 December 2015 |
85,000 |
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Amortisation |
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At 1 January 2015 |
25,500 |
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Provided during the year |
8,500 |
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At 31 December 2015 |
34,000 |
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Net book value |
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At 31 December 2015 |
51,000 |
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At 31 December 2014 |
59,500 |
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3 |
Tangible fixed assets |
£ |
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Cost |
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At 1 January 2015 |
2,900 |
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At 31 December 2015 |
2,900 |
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Depreciation |
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At 1 January 2015 |
1,321 |
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Charge for the year |
395 |
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At 31 December 2015 |
1,716 |
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Net book value |
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At 31 December 2015 |
1,184 |
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At 31 December 2014 |
1,579 |
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4 |
Share capital |
Nominal |
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2015 |
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2015 |
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2014 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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2 |
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2 |
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2 |
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