Abbreviated Company Accounts - SAF CONTRACTS LIMITED

SAF CONTRACTS LIMITED - Company Information

04304399 SAF CONTRACTS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 04304399 2014-04-01 2015-03-31 04304399 2015-03-31 04304399 2014-03-31 04304399 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04304399 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 04304399

SAF CONTRACTS LIMITED

Abbreviated Accounts

31 March 2015

SAF CONTRACTS LIMITED Registered Number 04304399

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	12,507	15,397
		12,507	15,397
Current assets
Stocks		27,941	16,599
Debtors		107,245	151,817
Cash at bank and in hand		7,610	6
		142,796	168,422
Creditors: amounts falling due within one year		(162,450)	(176,957)
Net current assets (liabilities)		(19,654)	(8,535)
Total assets less current liabilities		(7,147)	6,862
Creditors: amounts falling due after more than one year		-	(4,007)
Provisions for liabilities		(2,202)	(2,712)
Total net assets (liabilities)		(9,349)	143
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(9,449)	43
Shareholders' funds		(9,349)	143

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 18 January 2016

And signed on their behalf by:
R J CLOWES, Director

SAF CONTRACTS LIMITED Registered Number 04304399

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant & machinery – 15% reducing balance
Fixtures, fittings & equipment – 15% reducing balance
Motor vehicles – 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	29,323
Additions	537
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	29,860
Depreciation
At 1 April 2014	13,926
Charge for the year	3,427
On disposals	-
At 31 March 2015	17,353
Net book values
At 31 March 2015	12,507
At 31 March 2014	15,397

Included in the above are assets held under finance leases or hire purchase contracts as follows:
Motor vehicles:
Net book value:- 2015: £8,108 2014: £10,811
Depreciation charge:- 2015: £2,703 2014: £3,824

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100