Abbreviated Company Accounts - SAVING FACE LIMITED

SAVING FACE LIMITED - Company Information

Registered Number 04386439

SAVING FACE LIMITED

Abbreviated Accounts

31 March 2015

SAVING FACE LIMITED Registered Number 04386439

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	2,226	1,748
		2,226	1,748
Current assets
Stocks		6,200	5,000
Debtors		66,593	44,015
Cash at bank and in hand		7,314	2,312
		80,107	51,327
Creditors: amounts falling due within one year		(16,230)	(14,674)
Net current assets (liabilities)		63,877	36,653
Total assets less current liabilities		66,103	38,401
Creditors: amounts falling due after more than one year		0	(807)
Total net assets (liabilities)		66,103	37,594
Capital and reserves
Called up share capital		100	100
Profit and loss account		66,003	37,494
Shareholders' funds		66,103	37,594

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.

Approved by the Board on 29 December 2015

And signed on their behalf by:
Amanda De Ayala, Director

SAVING FACE LIMITED Registered Number 04386439

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Convention
The financial statements have been prepared under the historic cost convention
and in accordance with the Financial Reporting Standard for Smaller Entities.
Turnover
Turnover represents amounts invoiced during the year,
inclusive of Value Added Tax. The normal scheme was used, this year.
Tangible Fixed Assets
With effect from this year depreciation is taken at 25% on plant & machinery.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.
Deferred Taxation
No provision made, due to immateriality.

2Tangible fixed assets

	£
Cost
At 1 April 2014	6,426
Additions	916
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	7,342
Depreciation
At 1 April 2014	4,678
Charge for the year	438
On disposals	-
At 31 March 2015	5,116
Net book values
At 31 March 2015	2,226
At 31 March 2014	1,748