Sauber Energy Limited - Period Ending 2014-04-30

Registration number: 8494886

Sauber Energy Limited

Unaudited Abbreviated Accounts

for the Period from 18 April 2013 to 30 April 2014

 

Together Accounting
Drayton Old Lodge
146 Drayton High Road
Norwich
Norfolk
NR8 6AN

Sauber Energy Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Sauber Energy Limited
for the Period Ended 30 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sauber Energy Limited for the period ended 30 April 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Sauber Energy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sauber Energy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sauber Energy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Sauber Energy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sauber Energy Limited. You consider that Sauber Energy Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Sauber Energy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Together Accounting
Drayton Old Lodge
146 Drayton High Road
Norwich
Norfolk
NR8 6AN

17 March 2015

Page 1

Sauber Energy Limited
(Registration number: 8494886)
Abbreviated Balance Sheet at 30 April 2014

		Note			30 April 2014 £
Fixed assets
Tangible fixed assets					61,463
Current assets
Stocks					9,222
Debtors					86,153
Cash at bank and in hand					101,820
					197,195
Creditors: Amounts falling due within one year					(168,190)
Net current assets					29,005
Total assets less current liabilities					90,468
Provisions for liabilities					(11,906)
Net assets					78,562
Capital and reserves
Called up share capital		3			2
Profit and loss account					78,560
Shareholders' funds					78,562

For the year ending 30 April 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 director acknowledges her 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 director on 17 March 2015

.........................................
Ms Lori Baker
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Sauber Energy Limited
Notes to the Abbreviated Accounts for the Period from 18 April 2013 to 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	33% straightline

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Sauber Energy Limited
Notes to the Abbreviated Accounts for the Period from 18 April 2013 to 30 April 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		77,442			77,442
At 30 April 2014		77,442			77,442
Depreciation
Charge for the period		15,979			15,979
At 30 April 2014		15,979			15,979
Net book value
At 30 April 2014		61,463			61,463

3	Share capital

Allotted, called up and fully paid shares

	30 April 2014
		No.			£
Ordinary of £1 each		2			2

Page 4