Abbreviated Company Accounts - SHERGROUP LIMITED

Abbreviated Company Accounts - SHERGROUP LIMITED

SHERGROUP LIMITED - Company Information

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Registered Number 04771589

SHERGROUP LIMITED

Abbreviated Accounts

31 May 2015

SHERGROUP LIMITED Registered Number 04771589

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 407,814 441,562
Tangible assets 3 165,745 187,358
Investments 4 68,153 68,153
641,712 697,073
Current assets
Debtors 1,241,989 1,765,966
Cash at bank and in hand - 26,355
1,241,989 1,792,321
Creditors: amounts falling due within one year (1,645,688) (2,188,189)
Net current assets (liabilities) (403,699) (395,868)
Total assets less current liabilities 238,013 301,205
Creditors: amounts falling due after more than one year (8,335) (16,163)
Total net assets (liabilities) 229,678 285,042
Capital and reserves
Called up share capital 250,000 250,000
Profit and loss account (20,322) 35,042
Shareholders' funds 229,678 285,042
  • For the year ending 31 May 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 23 May 2016

And signed on their behalf by:
J MARENGHI, Director

SHERGROUP LIMITED Registered Number 04771589

Notes to the Abbreviated Accounts for the period ended 31 May 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
DEPRECIATION HAS BEEN PROVIDED AT THE FOLLOWING RATES IN ORDER TO WRITE OFF THE ASSETS OVER THEIR ESTIMATED USEFUL LIVES.
PLANT AND MACHINERY 15% REDUCING BALANCE

2Intangible fixed assets
£
Cost
At 1 June 2014 675,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 675,000
Amortisation
At 1 June 2014 233,438
Charge for the year 33,748
On disposals -
At 31 May 2015 267,186
Net book values
At 31 May 2015 407,814
At 31 May 2014 441,562
3Tangible fixed assets
£
Cost
At 1 June 2014 537,558
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 537,558
Depreciation
At 1 June 2014 350,200
Charge for the year 21,613
On disposals -
At 31 May 2015 371,813
Net book values
At 31 May 2015 165,745
At 31 May 2014 187,358

4Fixed assets Investments
COST
AT 1 JUNE 2014 £68,153
AT 31 MAY 2015 £68,153

THE COMPANY HOLDS 98% OF ORDINARY SHARE CAPITAL IN SHERGROUP INDIA PVT LIMITED