| SAKKS UK Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of SAKKS UK Limited for the period ended 31 March 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of SAKKS UK Limited for the period ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of SAKKS UK Limited, as a body, in accordance with the terms of our engagement letter dated 27 September 2012. Our work has been undertaken solely to prepare for your approval the accounts of SAKKS UK Limited and state those matters that we have agreed to state to the Board of Directors of SAKKS UK Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAKKS UK Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that SAKKS UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SAKKS UK Limited. You consider that SAKKS UK Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the accounts of SAKKS UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| TG Associates Limited |
| Chartered Accountants |
| 7 Jardine House |
| Harrovian Business Village |
| Bessborough Road |
| Harrow, Middlesex |
| HA1 3EX |
|
| 11 July 2016 |
|
| SAKKS UK Limited |
| Registered number: |
08230869 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2014 |
| £ |
£ |
| Current assets |
| Debtors |
|
|
- |
|
|
6,000 |
| Cash at bank and in hand |
|
|
974 |
|
|
4,041 |
|
|
|
974 |
|
|
10,041 |
|
| Creditors: amounts falling due within one year |
|
|
(11,304) |
|
|
(16,085) |
|
| Net current liabilities |
|
|
|
(10,330) |
|
|
(6,044) |
|
| Net liabilities |
|
|
|
(10,330) |
|
|
(6,044) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(10,430) |
|
|
(6,144) |
|
| Shareholders' funds |
|
|
|
(10,330) |
|
|
(6,044) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr Ashish Solanki |
| Director |
| Approved by the board on 11 July 2016 |
|
| SAKKS UK Limited |
| Notes to the Abbreviated Accounts |
| for the period ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
100% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
792 |
|
At 31 March 2016 |
792 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2014 |
792 |
|
At 31 March 2016 |
792 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
100 |
|
- |
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Ashish Solanki |
|
Amount owed |
(920) |
|
(8,512) |
|
- |
|
(9,432) |
|
|
|
(920) |
|
(8,512) |
|
- |
|
(9,432) |
|
|
|
|
|
|
|
|
|
