Accounts filed on 29-02-2016

Accounts filed on 29-02-2016

SABICON LIMITED - Company Information

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SABICON LIMITED

Company Registration Number:
08939368 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 March 2015

End date: 29 February 2016

SABICON LIMITED

Abbreviated Balance sheet

As at 29 February 2016


Notes
2016
£		 11 months to
28 Feb 2015
£
Fixed assets
Tangible assets: 2 1,563
Total fixed assets: 1,563 0
Current assets
Debtors: 3 6,720 2,400
Cash at bank and in hand: 30,089 34,068
Total current assets: 36,809 36,468
Creditors: amounts falling due within one year: 4 ( 21,402 ) ( 18,949 )
Net current assets (liabilities): 15,407 17,519
Total assets less current liabilities: 16,970 17,519
Total net assets (liabilities): 16,970 17,519

The notes form part of these financial statements

SABICON LIMITED

Balance sheet continued

As at 29 February 2016


Notes
2016
£		 11 months to
28 Feb 2015
£
Capital and reserves
Called up share capital: 5 100 100
Profit and loss account: 16,870 17,419
Shareholders funds: 16,970 17,519

For the year ending 29 February 2016 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.

The financial statements were approved by the Board of Directors on 22 June 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr Steven ALLAN
Status: Director

The notes form part of these financial statements

SABICON LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 February 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These financial statements are prepared under the historical cost convention modified to include the revaluation of certain fixed assets and to comply with the financial reporting standards of the Accounting Standards Board.

    The company has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small company.

    Turnover policy

    The turnover shown in the Profit and Loss account represents invoiced amounts for services provided during the year, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write of the cost or valuation less residual value of each asset over its expected useful life as follows:
    Land and buildings - 2% reducing balance
    Plant and Machinery - 20% straight line
    Fixtures and fittings - 10% straight line
    Office equipment - 25% straight line
    Motor vehicles - 25% straight line

SABICON LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 February 2016

  • 2. Tangible assets

    Total
    Cost £
    01 March 2015: 0
    Additions: 2,084
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    29 February 2016: 2,084
    Depreciation
    01 March 2015: 0
    Charge for year: 521
    On disposals: 0
    Other adjustments: 0
    29 February 2016: 521
    Net book value
    29 February 2016: 1,563
    28 February 2015: 0

SABICON LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 February 2016

  • 3. Debtors


    2016
    £    		 11 months to
    28 Feb 2015
    £
    Trade debtors: 6,720 2,400
    Total: 6,720 2,400

SABICON LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 February 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £    		 11 months to
    28 Feb 2015
    £
    Trade creditors: 5,057 5,392
    Taxation and social security: 16,245 13,457
    Other creditors: 100 100
    Total: 21,402 18,949

SABICON LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 February 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 11 months to
    28 Feb 2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100