Sail (UK) Ltd Accounts






Sail (UK) Ltd
	Abbreviated Accounts
	31 March 2015















		Company No.	08122607

at	31 March 2015

		Notes	2015	2014
			£	£
Fixed assets

	Tangible assets	2	1,491	-

			1,491	-
Current assets

	Debtors		11,538	-

	Cash at bank and in hand		-	1,000
			11,538	1,000
Creditors: Amounts falling due within one year			(24,055)	-
Net current (liabilities)/assets			(12,517)	1,000
Total assets less current liabilities			(11,026)	1,000
Creditors: Amounts falling due after more than one year			(50,000)	-



Net (liabilities)/assets			(61,026)	1,000

Capital and reserves
	Called up share capital	3	1,000	1,000



	Profit and loss account		(62,026)	-

Shareholder's funds			(61,026)	1,000

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the period ended 31 March 2015 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 17 July 2015

And signed on its behalf by:

M.J. Singleton
Director
17 July 2015

for the period ended 31 March 2015

1	Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Going Concern

The financial statements have been prepared on a going concern basis. The shareholders continue to support the company for the foreseeable future.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation

	Additions	1,988	1,988



	At 31 March 2015	1,988	1,988
	Amortisation

	Charge for the year	497	497



	At 31 March 2015	497	497
	Net book values
	At 31 March 2015	1,491	1,491

3	Share Capital
		Nominal value	2015	2015	2014
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary Shares	1.00	1,000	1,000	1,000




				1,000	1,000