SAGA FASHIONS LIMITED Accounts filed on 31-08-2014

SAGA FASHIONS LIMITED - Company Information

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SAGA FASHIONS LIMITED

Company Registration Number:
03090597 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st September 2013

End date: 31st August 2014

SUBMITTED

Company Information
for the Period Ended 31st August 2014

Director:		Gurbax Kaur



Company secretary:		Jaswinder Nijjar



Registered office:		Buttercrock Wharf Vicarage Lane
		Hoo St. Werburgh

		Rochester
		Kent
		ME3 9LA




Company Registration Number:		03090597 (England and Wales)

Abbreviated Balance sheet
As at 31st August 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	2	723,808	728,337
Total fixed assets:		723,808	728,337
Current assets
Stocks:		-	0
Debtors:		129,229	107,219
Cash at bank and in hand:		9,880	0
Total current assets:		139,109	107,219
Creditors
Creditors: amounts falling due within one year		213,884	187,530
Net current assets (liabilities):		( 74,775 )	( 80,311 )
Total assets less current liabilities:		649,033	648,026
Creditors: amounts falling due after more than one year:		681,959	681,959
Total net assets (liabilities):		( 32,926 )	( 33,933 )

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st August 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	3	100	100
Profit and Loss account:		( 33,026 )	( 34,033 )
Total shareholders funds:		( 32,926 )	( 33,933 )

For the year ending 31 August 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 31 August 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Gurbax Kaur
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st August 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

Turnover policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets depreciation policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Notes to the Abbreviated Accounts
for the Period Ended 31st August 2014

2. Tangible assets

	Total
Cost	£
At 01st September 2013:	790,390
Additions:	405
At 31st August 2014:	790,795
Depreciation
At 01st September 2013:	62,053
Charge for year:	4,934
At 31st August 2014:	66,987
Net book value
At 31st August 2014:	723,808
At 31st August 2013:	728,337

Notes to the Abbreviated Accounts
for the Period Ended 31st August 2014

3. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

SAGA FASHIONS LIMITED Accounts filed on 31-08-2014