SAPPROUK LIMITED,Ltd - Accounts

SAPPROUK LIMITED - Company Information

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SAPPROUK LIMITED

For the year ended 28 February 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 07520678

Contents Page

SAPPROUK LIMITED

For the year ended 28 February 2016

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

SAPPROUK LIMITED

As at 28 February 2016

07520678

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

1,155

211

1,155

211

Current assets

Stocks

12,572

50,390

Cash at bank and in hand

96,860

70,552

147,250

83,124

Creditors: amounts falling due within one year

(14,846)

(44,281)

68,278

102,969

Net current assets

Total assets less current liabilities

104,124

68,489

104,124

Net assets

68,489

Capital and reserves

Called up share capital

Profit and loss account

104,122

68,487

104,124

68,489

Shareholders funds

For the year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 02 September 2016

Peter Moxon Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

SAPPROUK LIMITED

For the year ended 28 February 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange

ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the

transaction. All foreign exchange differences are included to the profit and loss account.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

33% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

SAPPROUK LIMITED

For the year ended 28 February 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

2,554

At 01 March 2015

1,732

Additions

At 28 February 2016

4,286

Depreciation

2,343

At 01 March 2015

788

Charge for year

3,131

At 28 February 2016

Net book values

At 28 February 2016

1,155

211

At 28 February 2015

3 Share capital

Allotted called up and fully paid

2016

2015

2 Ordinary shares of £1.00 each

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