M. J. Saxby Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05854624 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

M. J. Saxby Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M J Saxby

SECRETARY:

R A Saxby

REGISTERED OFFICE:

39 Sackville Road

Hove

East Sussex

BN3 3WD

REGISTERED NUMBER:

05854624 (England and Wales)

ACCOUNTANTS:

Bristow Still

Chartered Accountants

39 Sackville Road

Hove

East Sussex

BN3 3WD

Fixed assets

Tangible assets

2

1,380

1,423

Current assets

Stocks

226,585

215,492

Cash at bank

116,242

108,058

342,827

323,550

Creditors

Amounts falling due within one year

126,816

135,682

Net current assets

216,011

187,868

Total assets less current liabilities

217,391

189,291

Capital and reserves

Called up share capital

3

1

Profit and loss account

217,390

189,290

Shareholders' funds

217,391

189,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 16 June 2016 and were signed by:

M J Saxby - 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 net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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 April 2015

5,795

Additions

313

At 31 March 2016

6,108

DEPRECIATION

At 1 April 2015

4,372

Charge for year

356

At 31 March 2016

4,728

NET BOOK VALUE

At 31 March 2016

1,380

At 31 March 2015

1,423

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

1