SHAZLAR_LIMITED - Accounts

SHAZLAR LIMITED - Company Information

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Company Registration No. 07171746 (England and Wales)

SHAZLAR LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

SHAZLAR LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SHAZLAR LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

4,414

4,006

Current assets

Debtors

21,742

30,412

Cash at bank and in hand

7,036

15,811

28,778

46,223

Creditors: amounts falling due within one year

(8,897)

(13,204)

Net current assets

19,881

33,019

Total assets less current liabilities

24,295

37,025

Capital and reserves

Called up share capital

Profit and loss account

24,285

37,015

Shareholders' funds

24,295

37,025

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 June 2015

Mr L G Smith

Director

Company Registration No. 07171746

SHAZLAR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 March 2014

8,696

Additions

2,175

Disposals

(537)

At 28 February 2015

10,334

Depreciation

At 1 March 2014

4,690

On disposals

(242)

Charge for the year

1,472

At 28 February 2015

5,920

Net book value

At 28 February 2015

4,414

At 28 February 2014

4,006

SHAZLAR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

10 Ordinary of £1 each

Transactions with directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Amount outstanding

Maximum

2015

2014

in year

L Smith directors account

1,163

5,639

7,810

Included within other debtors is a balance of £1,163 (2014: £5,639), owed by the director, Mr L G Smith. This balance will be repaid within nine months of the balance sheet date.