Sameer Fashions Ltd - Accounts

Sameer Fashions Ltd - Accounts

SAMEER FASHIONS LTD - Company Information

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Registered number
07886005
Sameer Fashions Ltd
Report and Accounts
31 December 2013
Sameer Fashions Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 5
Balance sheet 6
Notes to the accounts 7
Sameer Fashions Ltd
Company Information
Directors
Naved Chowdhury
Secretary
Rashed Chowdhury
Accountants
Woodbridge Waterfields Ltd
Shakespeare House
17 Wellington Street
Leicester
Leicestershire
LE1 6HH
Bankers
Solicitors
Registered office
12 Green Lane Close
Leicester
Leicestershire
LE5 4NJ
Registered number
07886005
Sameer Fashions Ltd
Registered number: 07886005
Directors' Report
The directors present their report and accounts for the year ended 31 December 2013.
Principal activities
The company's principal activity during the year continued to be the provision of making up services to the garments trade.
Directors
The following persons served as directors during the year:
Naved Chowdhury
Political and charitable donations
There were no political or charitable donations during the financial year under review.
Third party indemnity provisions
There were no third party indemnity provisions during the financial year under review.
Acquisition of own shares
There were no acquisition of the company's own shares during the financial year under review.
Class of share Ordinary shares
Amount paid £0
Nominal value of shares £0
Number of shares 0
Percentage of class purchased 0.0%
Employment of disabled persons
The company did not employ any disabled persons during the financial year under review.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 June 2014 and signed on its behalf.
Naved Chowdhury
Director
Sameer Fashions Ltd
Profit and Loss Account
for the year ended 31 December 2013
Notes 2013 2012
£ £
Turnover 2 167,614 72,937
Cost of sales (8,982) (509)
Gross profit 158,632 72,428
Distribution costs - -
Administrative expenses (157,966) (85,320)
Other operating income - -
Operating profit/(loss) 3 666 (12,892)
Exceptional items:
profit on the disposal of tangible fixed assets - -
profit on the disposal of investments - -
- -
666 (12,892)
Income from investments - -
Interest receivable - -
Interest payable 4 (13) -
Profit/(loss) on ordinary activities before taxation 653 (12,892)
Tax on profit/(loss) on ordinary activities 5 - -
Profit/(loss) for the financial year 653 (12,892)
Sameer Fashions Ltd
Balance Sheet
as at 31 December 2013
Notes 2013 2012
£ £
Fixed assets
Intangible assets 6 - -
Tangible assets 7 - -
- -
Current assets
Stocks 1,278 839
Debtors 8 11,225 4,007
Investments held as current assets 9 - -
Cash at bank and in hand 3,260 1,287
15,763 6,133
Creditors: amounts falling due within one year 10 (27,902) (18,925)
Net current liabilities (12,139) (12,792)
Total assets less current liabilities (12,139) (12,792)
Creditors: amounts falling due after more than one year 11 - -
Provisions for liabilities 13 - -
Net liabilities (12,139) (12,792)
Capital and reserves
Called up share capital 14 100 100
Share premium 15 - -
Revaluation reserve 16 - -
Capital redemption reserve 17 - -
Profit and loss account 18 (12,239) (12,892)
Shareholders' funds (12,139) (12,792)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Naved Chowdhury
Director
Approved by the board on 30 June 2014
Sameer Fashions Ltd
Notes to the Accounts
for the year ended 31 December 2013
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
No depreciation has been provided as the company did not own any assets at the balance sheet date.
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
The company did not own or lease any assets during the financial year under review.
Pensions
The company does not operate a defined contribution pension scheme.
2 Turnover 2013 2012
Turnover attributable to geographical markets outside the UK 0.0% 0.0%
3 Operating profit 2013 2012
£ £
This is stated after charging:
Depreciation of owned fixed assets - -
Depreciation of assets held under finance leases and hire purchase contracts - -
Amortisation of goodwill - -
Directors' remuneration - -
Compensation to past directors for loss of office - -
Pension costs - -
Auditors' remuneration - -
Exceptional costs associated with introducing the Euro - -
Number of directors to whom benefits accrued under money purchase pension schemes - -
4 Interest payable 2013 2012
£ £
Interest payable 13 -
Non-equity dividends - -
13 -
5 Taxation 2013 2012
£ £
UK corporation tax - -
Deferred tax - -
- -
6 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2013 -
Additions -
Disposals -
At 31 December 2013 -
Amortisation
At 1 January 2013 -
Provided during the year -
On disposals -
At 31 December 2013 -
Net book value
At 31 December 2013 -
At 31 December 2012 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
7 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2013 - - - -
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 December 2013 - - - -
Depreciation
At 1 January 2013 - - - -
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 December 2013 - - - -
Net book value
At 31 December 2013 - - - -
At 31 December 2012 - - - -
Freehold land and buildings: 2013 2012
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
2013 2012
£ £
Net book value of plant, machinery and vehicles included above held under finance leases and hire purchase contracts - -
8 Debtors 2013 2012
£ £
Trade debtors 10,823 4,007
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset (see note 13) - -
Other debtors 402 -
11,225 4,007
Amounts due after more than one year included above - -
9 Investments held as current assets 2013 2012
£ £
Listed investments - -
Unlisted investments - -
- -
Listed investments at market value - -
10 Creditors: amounts falling due within one year 2013 2012
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 2,106 3,925
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Corporation tax - -
Other taxes and social security costs 541 -
Accruals and deferred payments 4,893 -
Other creditors 20,362 15,000
27,902 18,925
11 Creditors: amounts falling due after one year 2013 2012
£ £
Non-equity preference shares - -
Bank loans - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
- -
12 Loans 2013 2012
£ £
Creditors include:
Amounts falling due for payment after more than five years - -
Secured bank loans - -
13 Provisions for liabilities
Deferred taxation: 2013 2012
£ £
Accelerated capital allowances - -
Tax losses carried forward - -
- -
2013 2012
£ £
At 1 January - -
Deferred tax charge in profit and loss account - -
At 31 December - -
14 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - - -
B Ordinary shares £1 each - 100 100
100 100
0 Preference shares £1 each - - -
100 100
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - -
B Ordinary shares £1 each - -
-
0 Preference shares £1 each - -
-
15 Share premium 2013
£
At 1 January 2013 -
Shares issued -
Expenses of issue -
At 31 December 2013 -
16 Revaluation reserve 2013
£
At 1 January 2013 -
Arising on revaluation during the year -
At 31 December 2013 -
17 Capital redemption reserve 2013
£
At 1 January 2013 -
Transfer from the profit and loss account -
At 31 December 2013 -
18 Profit and loss account 2013
£
At 1 January 2013 (12,892)
Prior year adjustments -
At 1 January 2013 (12,892)
Profit for the year 653
Dividends -
Transfer to capital redemption reserve -
At 31 December 2013 (12,239)
19 Dividends 2013 2012
£ £
Dividends for which the company became liable during the year:
Dividends paid - -
Dividends not paid - -
- -
Analysis of dividends by type:
Non-equity dividends (note 4) - -
Equity dividends (note 18) - -
- -
Dividends proposed after the balance sheet date - -
20 Post balance sheet events
During the financial year under review there were no post balance sheet events.
21 Capital commitments 2013 2012
£ £
Amounts contracted for but not provided in the accounts - -
22 Pension commitments
There were no pension commitments during the financial year under review.
23 Other financial commitments 2013 2012
£ £
At the year end the company had annual commitments under non-cancellable operating leases as set out below:
Operating leases which expire:
within one year - -
within two to five years - -
in over five years - -
- -
24 Contingent liabilities
There were no contingent liabilities during the financial year under review.
28 Related party transactions 2013 2012
There were no related party transactions during the financial year under review.
29 Ultimate controlling party
The ultimate controlling party remains vested in the director by virtue of his 100% shareholdings.
30 Going-concern
The company's balance sheet remains insolvent at 31 December 2013 (£12139.00 as opposed to £12792.00 - 31 December 2012). It is intended that the director will continue to fund any current or future liabilities of the company. Consequently the financial statements of the company have been prepared on a going-concern basis in which the present circumstances appear appropriate.
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