SARABEC LIMITED Accounts filed on 31-08-2014
SARABEC LIMITED Accounts filed on 31-08-2014
SARABEC LIMITED
Company Registration Number:
02125618 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st September 2013
End date: 31st August 2014
SUBMITTED
SARABEC LIMITED
Company Information
for the Period Ended
31st August 2014
Director: |
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Company secretary: |
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Registered office: |
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Company Registration Number: |
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SARABEC LIMITED
Abbreviated Balance sheet
As at 31st August 2014
Notes | 2014 £ |
2013 £ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 7 |
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Provision for liabilities: |
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0 | |
Total net assets (liabilities): |
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The notes form part of these financial statements
SARABEC LIMITED
Abbreviated Balance sheet
As at 31st August 2014
continued
Notes | 2014 £ |
2013 £ |
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Capital and reserves | |||
Called up share capital: | 8 |
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Revaluation reserve: |
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Profit and Loss account: | ( |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Colin Foxton
Status: Director
The notes form part of these financial statements
SARABEC LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
The accounts have been prepared on the basis that all operations are continuing operations. There are no recognised gains or losses other than those passing through the profit and loss account Turnover policy
Turnover represents amounts receivable for goods and services net of Vat and trade discounts. Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write of the cost of each asset over its useful life as follows: Plant and Machinery acquired on or before 31st August - 25% reducing balance Plant and Machinery acquired after 31st August 2011 - 25% straight line. Intangible fixed assets amortisation policy
Intangible Assets are stated at Nil Value Valuation information and policy
Stock and Work in Progress are valued at the lower of cost or net realisable value.
SARABEC LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2014
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4. Tangible assets
Total Cost £ At 01st September 2013: 382,340 Additions: 1,761 Disposals: 0 Revaluations: 0 Transfers: 0 At 31st August 2014: 384,101 Depreciation At 01st September 2013: 347,968 Charge for year: 7,587 On disposals: 0 Other adjustments 0 At 31st August 2014: 355,555 Net book value At 31st August 2014: 28,546 At 31st August 2013: 34,372
SARABEC LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2014
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5. Debtors
2014
£2013
£Trade debtors: 159,946 188,929 Other debtors: 26,304 17,270 Total: 186,250 206,199
SARABEC LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2014
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6. Creditors: amounts falling due within one year
2014
£2013
£Bank loans and overdrafts: 84,018 102,791 Amounts due under finance leases and hire purchase contracts: 2,492 2,597 Trade creditors: 180,490 93,913 Taxation and social security: 9,615 26,766 Other creditors: 34,950 16,782 Total: 311,565 242,849
SARABEC LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2014
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7. Creditors: amounts falling due after more than one year
2014
£2013
£Amounts due under finance leases and hire purchase contracts: 7,785 9,954 Other creditors: 3,890 0 Total: 11,675 9,954