Company Registration No. 07271802 (England and Wales)
SANGHVI RUPARELIA LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
SANGHVI RUPARELIA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SANGHVI RUPARELIA LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
51,000
Tangible assets
2
13,042
19,817
13,042
70,817
Current assets
Debtors
38,308
-
Cash at bank and in hand
5,838
3,005
44,146
3,005
Creditors: amounts falling due within one year
(50,163)
(64,119)
Net current liabilities
(6,017)
(61,114)
Total assets less current liabilities
7,025
9,703
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
7,023
9,701
Shareholders' funds
7,025
9,703
For the financial year ended 30 June 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 17 May 2016
Mr Jayant Sanghvi
Mr. N Ruparelia
Director
Director
Company Registration No. 07271802
SANGHVI RUPARELIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
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 net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2014 & at 30 June 2015
255,000
27,107
282,107
Depreciation
At 1 July 2014
204,000
7,290
211,290
Charge for the year
51,000
6,775
57,775
At 30 June 2015
255,000
14,065
269,065
Net book value
At 30 June 2015
-
13,042
13,042
At 30 June 2014
51,000
19,817
70,817
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
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