SaveEnergy-Now Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07404158 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

SaveEnergy-Now Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J E Allen

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

07404158 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

2

10,956

896

CURRENT ASSETS

Debtors

6,051

697

Cash at bank

1,772

4,299

7,823

4,996

CREDITORS

Amounts falling due within one year

6,276

5,495

NET CURRENT ASSETS/(LIABILITIES)

1,547

(499

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,503

397

PROVISIONS FOR LIABILITIES

2,191

-

NET ASSETS

10,312

397

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

10,311

396

SHAREHOLDERS' FUNDS

10,312

397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 June 2016 and were signed by:

J E Allen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,077

Additions

10,326

At 31 December 2015

12,403

DEPRECIATION

At 1 January 2015

1,181

Charge for year

266

At 31 December 2015

1,447

NET BOOK VALUE

At 31 December 2015

10,956

At 31 December 2014

896

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

ordinary

£1

1