Company Registration No. 07376181 (England and Wales)
SIRENNA LEARNING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
SIRENNA LEARNING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SIRENNA LEARNING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,544
1,413
Current assets
Debtors
101,896
74,936
Cash at bank and in hand
24,715
413
126,611
75,349
Creditors: amounts falling due within one year
(69,402)
(75,310)
Net current assets
57,209
39
Total assets less current liabilities
58,753
1,452
Provisions for liabilities
(334)
(334)
58,419
1,118
Capital and reserves
Called up share capital
3
10,000
10,000
Profit and loss account
48,419
(8,882)
Shareholders' funds
58,419
1,118
For the financial year ended 31 December 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 30 September 2016
Mr P Buckland
Miss R K Dablar
Director
Director
Company Registration No. 07376181
SIRENNA LEARNING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 January 2015).
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 services net of VAT.
1.4
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:
Plant and machinery
20% straight line
Computer equipment
33% straight line
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.6
Development costs are amortised over their estimated useful economic life of three years.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
1,159
3,155
4,314
Additions
-
1,138
1,138
At 31 December 2015
1,159
4,293
5,452
Depreciation
At 1 January 2015
1,159
1,742
2,901
Charge for the year
-
1,007
1,007
At 31 December 2015
1,159
2,749
3,908
Net book value
At 31 December 2015
-
1,544
1,544
At 31 December 2014
-
1,413
1,413
SIRENNA LEARNING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000