Abbreviated Company Accounts - SECTION ENTERPRISES LIMITED

Abbreviated Company Accounts - SECTION ENTERPRISES LIMITED

SECTION ENTERPRISES LIMITED - Company Information

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Registered Number 03228126

SECTION ENTERPRISES LIMITED

Abbreviated Accounts

31 July 2015

SECTION ENTERPRISES LIMITED Registered Number 03228126

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 210 280
210 280
Current assets
Stocks 17,870 19,380
Debtors 527 318
18,397 19,698
Creditors: amounts falling due within one year (17,207) (18,311)
Net current assets (liabilities) 1,190 1,387
Total assets less current liabilities 1,400 1,667
Total net assets (liabilities) 1,400 1,667
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,398 1,665
Shareholders' funds 1,400 1,667
  • For the year ending 31 July 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 27 April 2016

And signed on their behalf by:
K SANDERSON, Director

SECTION ENTERPRISES LIMITED Registered Number 03228126

Notes to the Abbreviated Accounts for the period ended 31 July 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.

Tangible assets depreciation policy
25% reducing balance.

2Tangible fixed assets
£
Cost
At 1 August 2014 1,761
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2015 1,761
Depreciation
At 1 August 2014 1,481
Charge for the year 70
On disposals -
At 31 July 2015 1,551
Net book values
At 31 July 2015 210
At 31 July 2014 280