S G MENSWEAR LIMITED Accounts filed on 31-03-2015

S G MENSWEAR LIMITED Accounts filed on 31-03-2015

S G MENSWEAR LIMITED - Company Information

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S G MENSWEAR LIMITED




Company Registration Number:
07531040 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

S G MENSWEAR LIMITED

Company Information
for the Period Ended 31st March 2015




Director: Mr P J Ault
Registered office: 122-124 Bradshawgate
Leigh
Lancashire
WN7 4NP
Company Registration Number: 07531040 (England and Wales)

S G MENSWEAR LIMITED

Abbreviated Balance sheet
As at 31st March 2015

Notes 2015
£		 2014
£
Fixed assets
Intangible assets: 5 9,000 10,500
Tangible assets: 6 47,277 43,604
Total fixed assets: 56,277 54,104
Current assets
Stocks: 12,000 14,500
Cash at bank and in hand: 5,241 1,273
Total current assets: 17,241 15,773
Creditors
Creditors: amounts falling due within one year 7 30,428 40,898
Net current assets (liabilities): ( 13,187 ) ( 25,125 )
Total assets less current liabilities: 43,090 28,979
Provision for liabilities: 8 8,970 8,129
Total net assets (liabilities): 34,120 20,850

The notes form part of these financial statements

S G MENSWEAR LIMITED

Abbreviated Balance sheet
As at 31st March 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 9 1 1
Profit and Loss account: 34,119 20,849
Total shareholders funds: 34,120 20,850

For the year ending 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 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 24 September 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr P J Ault
Status: Director

The notes form part of these financial statements

S G MENSWEAR LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost accounting rules and in accordance with the Financial Reporting Standard for Smaller Entities (effective April, 2008). (FRSSE)

    Turnover policy

    The turnover figure represents the amounts invoiced during the year exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates: Hirewear stocks 20% on cost Fixtures & fittings 20% reducing balance

    Intangible fixed assets amortisation policy

    The goodwill paid in connection with the acquisition of the business in 2011, is being amortised over its estimated useful life of 10 years.

S G MENSWEAR LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

  • 5. Intangible assets

    Total
    Cost £
    At 01st April 2014: 15,000
    15,000
    Amortisation £
    At 01st April 2014: 4,500
    Provided during the period: 1,500
    At 31st March 2015: 6,000
    Net book value £
    At 31st March 2015: 9,000
    At 31st March 2014: 10,500

S G MENSWEAR LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

  • 6. Tangible assets

    Total
    Cost £
    At 01st April 2014: 70,089
    Additions: 15,493
    At 31st March 2015: 85,582
    Depreciation
    At 01st April 2014: 26,485
    Charge for year: 11,820
    At 31st March 2015: 38,305
    Net book value
    At 31st March 2015: 47,277
    At 31st March 2014: 43,604

S G MENSWEAR LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

  • 7. Creditors: amounts falling due within one year

    2015
    £     		2014
    £
    Bank loans and overdrafts: - 4,712
    Trade creditors: 3,338 17,187
    Taxation and social security: 13,750 8,025
    Accruals and deferred income: 730 1,042
    Other creditors: 12,610 9,932
    Total: 30,428 40,898

S G MENSWEAR LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

  • 9. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1