Abbreviated Company Accounts - SAGEN ADVISORS LIMITED

SAGEN ADVISORS LIMITED - Company Information

Registered Number 05945724

SAGEN ADVISORS LIMITED

Abbreviated Accounts

31 December 2013

SAGEN ADVISORS LIMITED Registered Number 05945724

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	4,865	25,512
		4,865	25,512
Current assets
Debtors		100,271	565,924
Cash at bank and in hand		490,239	31,606
		590,510	597,530
Creditors: amounts falling due within one year		(58,866)	(229,169)
Net current assets (liabilities)		531,644	368,361
Total assets less current liabilities		536,509	393,873
Total net assets (liabilities)		536,509	393,873
Capital and reserves
Called up share capital		32,222	32,222
Profit and loss account		504,287	361,651
Shareholders' funds		536,509	393,873

For the year ending 31 December 2013 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 23 September 2014

And signed on their behalf by:
Aryeh Ganz, Director

SAGEN ADVISORS LIMITED Registered Number 05945724

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rate in use is: Equipment, fixtures, and fittings 15% on cost

2Tangible fixed assets

	£
Cost
At 1 January 2013	76,312
Additions	2,049
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	78,361
Depreciation
At 1 January 2013	50,800
Charge for the year	22,696
On disposals	-
At 31 December 2013	73,496
Net book values
At 31 December 2013	4,865
At 31 December 2012	25,512