Sardafine Limited - Limited company - abbreviated

REGISTERED NUMBER: 01206081 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Sardafine Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P J Hughes

SECRETARY:

Mrs J A Richardson

REGISTERED OFFICE:

75 Springfield Road

Chelmsford

Essex

CM2 6JB

REGISTERED NUMBER:

01206081 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

9,152

Tangible assets

2

9,690

CURRENT ASSETS

5,695

Stocks

4,485

28,006

Debtors

24,332

7,838

Cash at bank

12,112

41,539

40,929

CREDITORS

9,936

Amounts falling due within one year

8,334

31,603

NET CURRENT ASSETS

32,595

40,755

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,285

698

PROVISIONS FOR LIABILITIES

943

40,057

NET ASSETS

41,342

CAPITAL AND RESERVES

6,100

Called up share capital

3

6,100

33,957

Profit and loss account

35,242

40,057

SHAREHOLDERS' FUNDS

41,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 February 2015 and were signed by:

P J Hughes - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents net invoiced work done and services, excluding value added tax and also recognises work

carried out up to, but not invoiced, at the balance sheet date where the company has obtained the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

68,016

Additions

2,316

At 31 May 2014

70,332

DEPRECIATION

At 1 June 2013

58,864

Charge for year

1,778

At 31 May 2014

60,642

NET BOOK VALUE

At 31 May 2014

9,690

At 31 May 2013

9,152

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

6,000

Ordinary

£1

6,000

100

Ordinary A

£1

100

6,100

Sardafine Limited - Limited company - abbreviated - 11.6

Sardafine Limited - Limited company - abbreviated - 11.6