Abbreviated Company Accounts - SHERGROUP LIMITED

04771589 SHERGROUP LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 04771589 2013-06-01 2014-05-31 04771589 2014-05-31 04771589 2013-05-31 04771589 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 04771589 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 04771589

SHERGROUP LIMITED

Abbreviated Accounts

31 May 2014

SHERGROUP LIMITED Registered Number 04771589

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	441,562	475,313
Tangible assets	3	187,358	226,153
Investments	4	68,153	68,153
		697,073	769,619
Current assets
Debtors		1,715,966	1,158,642
Cash at bank and in hand		26,355	43,222
		1,742,321	1,201,864
Creditors: amounts falling due within one year		(1,923,750)	(1,580,410)
Net current assets (liabilities)		(181,429)	(378,546)
Total assets less current liabilities		515,644	391,073
Creditors: amounts falling due after more than one year		(16,163)	(33,487)
Total net assets (liabilities)		499,481	357,586
Capital and reserves
Called up share capital	5	250,000	250,000
Profit and loss account		249,481	107,586
Shareholders' funds		499,481	357,586

For the year ending 31 May 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 20 February 2015

And signed on their behalf by:
MS J MARENGHI, Director

SHERGROUP LIMITED Registered Number 04771589

Notes to the Abbreviated Accounts for the period ended 31 May 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.

Tangible assets depreciation policy
DEPRECIATION HAS BEEN PROVIDED AT THE FOLLOWING RATES IN ORDER TO WRITE OFF THE ASSETS OVER THEIR ESTIMATED USEFUL LIVES.

Intangible assets amortisation policy
GOODWILL ID BEING WRITTEN OFF IN EQUAL ANNUAL INSTALMENTS OVER ITS ESTIMATED ECONOMIC LIFE OF 20 YEARS.

2Intangible fixed assets

	£
Cost
At 1 June 2013	675,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	675,000
Amortisation
At 1 June 2013	199,687
Charge for the year	33,751
On disposals	-
At 31 May 2014	233,438
Net book values
At 31 May 2014	441,562
At 31 May 2013	475,313

3Tangible fixed assets

	£
Cost
At 1 June 2013	537,558
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	537,558
Depreciation
At 1 June 2013	311,405
Charge for the year	38,795
On disposals	-
At 31 May 2014	350,200
Net book values
At 31 May 2014	187,358
At 31 May 2013	226,153

4Fixed assets Investments
COST
AT 1 JUNE 2013 £68,153
AT 31 MAY 2014 £68,153

COMPANY : SHERGROUP INDIA PVT LIMITED
SHARES HELD : EQUITY RS
% : 98%
CAPITAL AND RESERVES : £348,884
PROFIT(LOSS) FOR THE YEAR : £52,871

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
250,000 Ordinary shares of £1 each	250,000	250,000