Selba Trading Limited - Period Ending 2016-03-31

Registration number: 04280883

Selba Trading Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Bulley Davey Limited
Chartered Certified Accountants
1 - 4 London Road
Spalding
Lincs
PE11 2TA

Selba Trading Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Selba Trading Limited
(Registration number: 04280883)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			1,228			1,480
Current assets
Cash at bank and in hand					6,801			4,480
Creditors: Amounts falling due within one year					(4,893)			(2,561)
Net current assets					1,908			1,919
Total assets less current liabilities					3,136			3,399
Provisions for liabilities					(246)			(296)
Net assets					2,890			3,103
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					2,888			3,101
Shareholders' funds					2,890			3,103

For the year ending 31 March 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 director acknowledges her 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 .

Approved by the director on 10 August 2016

P A Chapman
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Selba Trading Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	15% per annum on written down value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		3,569			3,569
At 31 March 2016		3,569			3,569
Depreciation
At 1 April 2015		2,089			2,089
Charge for the year		252			252
At 31 March 2016		2,341			2,341
Net book value
At 31 March 2016		1,228			1,228
At 31 March 2015		1,480			1,480

Page 2

Selba Trading Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 3