SCHNEGGSTER_LTD - Accounts

SCHNEGGSTER LTD - Company Information

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Company Registration No. 09140697 (England and Wales)

SCHNEGGSTER LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

SCHNEGGSTER LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SCHNEGGSTER LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

1,191

Current assets

Debtors

336

Cash at bank and in hand

61,371

61,707

Creditors: amounts falling due within one year

(31,842)

Net current assets

29,865

Total assets less current liabilities

31,056

Capital and reserves

Called up share capital

100

Profit and loss account

30,956

Shareholders' funds

31,056

For the financial year ended 31 July 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 14 January 2016

Mr D Schnegg

Ms N Fabry

Director

Company Registration No. 09140697

SCHNEGGSTER LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 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 gross of VAT and less the flat rate scheme percentage applicable.

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:

Fixtures, fittings & equipment

25% Reducing Balance

Fixed assets

Tangible assets

Cost

At 22 July 2014

Additions

1,588

At 31 July 2015

1,588

Depreciation

At 22 July 2014

Charge for the year

397

At 31 July 2015

397

Net book value

At 31 July 2015

1,191

Share capital

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

SCHNEGGSTER LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Ultimate parent company

The ultimate controlling parties for the year were D Schnegg and N Fabry by virtue of their majority shareholdings.