Registered Number 06297681

S L DESIGN LIMITED

Abbreviated Accounts

31 March 2014

S L DESIGN LIMITED Registered Number 06297681

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 4,343 2,200
4,343 2,200
Current assets
Debtors 18,274 11,993
Cash at bank and in hand 27,959 33,926
46,233 45,919
Creditors: amounts falling due within one year (22,196) (37,524)
Net current assets (liabilities) 24,037 8,395
Total assets less current liabilities 28,380 10,595
Provisions for liabilities (868) (440)
Total net assets (liabilities) 27,512 10,155
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,412 10,055
Shareholders' funds 27,512 10,155
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014

And signed on their behalf by:
STEVEN LUND, Director

S L DESIGN LIMITED Registered Number 06297681

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:-
Fixtures, fittings and equipment - 15% reducing balance basis

Other accounting policies
Deferred taxation

Provision is made in full for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation and accounts purposes, using the liability method.

2Tangible fixed assets
£
Cost
At 1 April 2013 3,280
Additions 2,909
Disposals -
Revaluations -
Transfers -
At 31 March 2014 6,189
Depreciation
At 1 April 2013 1,080
Charge for the year 766
On disposals -
At 31 March 2014 1,846
Net book values
At 31 March 2014 4,343
At 31 March 2013 2,200