SARA_TRADE_LIMITED - Accounts

SARA TRADE LIMITED - Company Information

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Company Registration No. 03644521 (England and Wales)

SARA TRADE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

SARA TRADE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SARA TRADE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

€

Current assets

Debtors

409,680

Creditors: amounts falling due within one year

(412,903)

(412,608)

Total assets less current liabilities

(3,223)

(2,928)

Capital and reserves

Called up share capital

14,209

Profit and loss account

(17,432)

(17,137)

Shareholders' funds

(3,223)

(2,928)

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 14 September 2016

MR IVAN NICOLAI KAUFMANN

Director

Company Registration No. 03644521

SARA TRADE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The financial statements are prepared on the basis of going concern, which assumes that the company will be in operational existence for a foreseeable future. This depends upon the continued support of the shareholders and its creditors to enable the company to meet its debts as and when they fall due. The financial statements do not include any adjustments that would result if such support is withdrawn.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents income derived from sales of machineries net of VAT.

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Share capital

2015

2014

€

Allotted, called up and fully paid

10,000 Ordinary shares of £1 each

14,209