Sangjan & Back Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05289908 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

Sangjan & Back Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J S Back

Mrs P Back

SECRETARY:

Mr J S Back

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

05289908 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

HSBC

61 High Street

Sandown

Isle of Wight

PO36 8AA

FIXED ASSETS

Intangible assets

2

2,000

3,000

Tangible assets

3

4,227

4,587

6,227

7,587

CURRENT ASSETS

Stocks

2,200

2,200

Cash at bank

65,454

68,048

67,654

70,248

CREDITORS

Amounts falling due within one year

48,653

44,975

NET CURRENT ASSETS

19,001

25,273

TOTAL ASSETS LESS CURRENT LIABILITIES

25,228

32,860

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

25,226

32,858

SHAREHOLDERS' FUNDS

25,228

32,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 9 March 2015 and were signed on its behalf by:

Mr J S Back - 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 sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

10,000

AMORTISATION

At 1 February 2014

7,000

Amortisation for year

1,000

At 31 January 2015

8,000

NET BOOK VALUE

At 31 January 2015

2,000

At 31 January 2014

3,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

24,354

Additions

1,048

At 31 January 2015

25,402

DEPRECIATION

At 1 February 2014

19,767

Charge for year

1,408

At 31 January 2015

21,175

NET BOOK VALUE

At 31 January 2015

4,227

At 31 January 2014

4,587

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

2