Samskara (UK) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03650456

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

SAMSKARA (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T Page

R L Davies

REGISTERED OFFICE:

41 Hinton Way

Great Shelford

Cambridgeshire

CB22 5AX

REGISTERED NUMBER:

03650456

ACCOUNTANTS:

Kings Mill Practice Ltd

Accountants

Burma House

Station Path

Staines

Middlesex

TW18 4LA

FIXED ASSETS

Tangible assets

2

992

1,323

CURRENT ASSETS

Stocks

-

2,709

Debtors

9,151

2,795

Cash at bank

5,426

29

14,577

5,533

CREDITORS

Amounts falling due within one year

66,768

37,850

NET CURRENT LIABILITIES

(52,191

)

(32,317

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,199

)

(30,994

)

CREDITORS

Amounts falling due after more than one
year

4,390

-

NET LIABILITIES

(55,589

)

(30,994

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(55,689

)

(31,094

)

SHAREHOLDERS' FUNDS

(55,589

)

(30,994

)

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

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

The directors acknowledge their 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 Board of Directors on 26 July 2016 and were signed on its behalf by:

T Page - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on a reducing balance basis on

all tangible assets at rates calculated to write off the cost, less estimated residual value, of each asset over the

expected useful life. The following annual rates have been applied:

Computers & Equipment - 25% reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is provided using the liability method in respect of all material timing differences that have

originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered

more likely than not that future profits will be available for offset. The company has not adopted a policy of

discounting deferred tax assets and liabilities.

Going concern

The financial statements have been prepared on a going concern basis. This assumes the continued support of the

directors. If this support were to be withdrawn, the Company would be unable to trade. It would then be

necessary to revalue the assets and liabilities to a break up basis. The directors are satisfied that sufficient funds

will be available to enable the Company to continue to remain a going concern.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

2,352

DEPRECIATION

At 1 November 2014

1,029

Charge for year

331

At 31 October 2015

1,360

NET BOOK VALUE

At 31 October 2015

992

At 31 October 2014

1,323

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

1

100