Registered Number 09016359

SOM SAA LTD

Abbreviated Accounts

3 May 2015

SOM SAA LTD Registered Number 09016359

Abbreviated Balance Sheet as at 3 May 2015

Notes 2015
£
Called up share capital not paid -
Fixed assets
Intangible assets -
Tangible assets -
Investments -
-
Current assets
Stocks -
Debtors 907
Investments -
Cash at bank and in hand 563
1,470
Prepayments and accrued income -
Creditors: amounts falling due within one year (4,100 )
Net current assets (liabilities) (2,630 )
Total assets less current liabilities (2,630 )
Creditors: amounts falling due after more than one year 0
Provisions for liabilities 0
Accruals and deferred income 0
Total net assets (liabilities) (2,630 )
Capital and reserves
Called up share capital 1,000
Profit and loss account (3,630 )
Shareholders' funds (2,630 )

  • For the year ending 3 May 2015 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 22 January 2016

And signed on their behalf by:
T George, Director

SOM SAA LTD Registered Number 09016359

Notes to the Abbreviated Accounts for the period ended 3 May 2015

1 Accounting 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.

At the balance sheet date, liabilities exceeded assets by £3537. The directors have prepared the accounts on a going concern basis, as equity capital has been raised since the balance sheet date.

Other accounting policies
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice), which have been applied consistently (unless otherwise stated).

2 Transactions with directors

Name of director receiving advance or credit: Mr T George
Description of the transaction: Directors Loan
Balance at 29 April 2014: -
Advances or credits made: £ 2,550
Advances or credits repaid: £ 500
Balance at 3 May 2015: £ 2,050

Name of director receiving advance or credit: Mr A Oliver
Description of the transaction: directors loan
Balance at 29 April 2014: -
Advances or credits made: £ 2,550
Advances or credits repaid: £ 500
Balance at 3 May 2015: £ 2,050

The loans are interest free and repayable on demand