Abbreviated Company Accounts - SAKER INTERNATIONAL LTD

SAKER INTERNATIONAL LTD - Company Information

07104854 SAKER INTERNATIONAL LTD 2013-12-31 false 2013-01-01 2013-12-31 true 07104854 2013-01-01 2013-12-31 07104854 2013-12-31 07104854 2012-12-31 07104854 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 07104854 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 07104854

SAKER INTERNATIONAL LTD

Abbreviated Accounts

31 December 2013

SAKER INTERNATIONAL LTD Registered Number 07104854

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		1	1
Fixed assets
Tangible assets	2	383	541
		383	541
Current assets
Debtors		-	1,705
Cash at bank and in hand		2,532	2,196
		2,532	3,901
Creditors: amounts falling due within one year		(36,543)	(25,670)
Net current assets (liabilities)		(34,011)	(21,769)
Total assets less current liabilities		(33,627)	(21,227)
Total net assets (liabilities)		(33,627)	(21,227)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(33,628)	(21,228)
Shareholders' funds		(33,627)	(21,227)

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 7 July 2014

And signed on their behalf by:
C ANTHONY, Director

SAKER INTERNATIONAL LTD Registered Number 07104854

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 20% Straight line

Valuation information and policy
Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Other accounting policies
Going concern

The accounts have been prepared on a going concern basis assuming continued support from the company's directors.

2Tangible fixed assets

	£
Cost
At 1 January 2013	790
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	790
Depreciation
At 1 January 2013	249
Charge for the year	158
On disposals	-
At 31 December 2013	407
Net book values
At 31 December 2013	383
At 31 December 2012	541

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary shares of £1 each	1	1