| Sameer Fashions Ltd |
| Registered number: |
07886005 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
- |
|
|
- |
| Tangible assets |
3 |
|
|
133 |
|
|
- |
|
|
|
|
133 |
|
|
- |
|
| Current assets |
| Stocks |
|
|
903 |
|
|
978 |
| Debtors |
5 |
|
43,750 |
|
|
2,568 |
| Investments held as current assets |
|
|
- |
|
|
- |
| Cash at bank and in hand |
|
|
2,533 |
|
|
3,375 |
|
|
|
47,186 |
|
|
6,921 |
|
| Creditors: amounts falling due within one year |
|
|
(55,860) |
|
|
(20,516) |
|
| Net current liabilities |
|
|
|
(8,674) |
|
|
(13,595) |
|
| Total assets less current liabilities |
|
|
|
(8,541) |
|
|
(13,595) |
|
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
- |
|
| Provisions for liabilities |
|
|
|
- |
|
|
- |
|
|
| Net liabilities |
|
|
|
(8,541) |
|
|
(13,595) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
7 |
|
|
100 |
|
|
100 |
| Share premium |
|
|
|
- |
|
|
- |
| Revaluation reserve |
|
|
|
- |
|
|
- |
| Capital redemption reserve |
|
|
|
- |
|
|
- |
| Profit and loss account |
|
|
|
(8,641) |
|
|
(13,695) |
|
| Shareholders' funds |
|
|
|
(8,541) |
|
|
(13,595) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| Naved Chowdhury |
| Director |
| Approved by the board on 30 June 2016 |
|
| Sameer Fashions Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 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 |
|
No depreciation has been provided as the company did not own any assets at the balance sheet date. |
|
|
|
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. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Leasing and hire purchase commitments |
|
The company did not own or lease any assets during the financial year under review. |
|
|
Pensions |
|
The company does not operate a defined contribution pension scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
- |
|
Additions |
- |
|
Disposals |
- |
|
At 31 December 2015 |
- |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2015 |
- |
|
Provided during the year |
- |
|
On disposals |
- |
|
At 31 December 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
- |
|
At 31 December 2014 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
- |
|
Additions |
133 |
|
Surplus on revaluation |
- |
|
Disposals |
- |
|
At 31 December 2015 |
133 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
- |
|
Charge for the year |
- |
|
Surplus on revaluation |
- |
|
On disposals |
- |
|
At 31 December 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
133 |
|
At 31 December 2014 |
- |
|
|
|
|
|
|
|
|
| 4 |
Investments |
£ |
|
|
Cost |
|
At 1 January 2015 |
- |
|
Additions |
- |
|
Disposals |
- |
|
|
At 31 December 2015 |
- |
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
Debtors include: |
|
|
Amounts due after more than one year |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
- |
|
- |
|
Secured bank loans |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
100 |
|
B Ordinary shares |
£1 each |
|
- |
|
- |
|
- |
|
|
|
|
|
|
100 |
|
100 |
|
0 Preference shares |
£1 each |
|
- |
|
- |
|
- |
|
|
|
|
|
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
- |
|
- |
|
B Ordinary shares |
£1 each |
|
- |
|
- |
|
|
|
|
|
|
- |
|
0 Preference shares |
£1 each |
|
- |
|
- |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
|
| 8 |
Contingent liabilities |
|
|
There were no contingent liabilities during the financial year under review. |
|
| 9 |
Related party transactions |
|
|
|
There were no related party transactions during the financial year under review. |
|
| 10 |
Ultimate controlling party |
|
|
The ultimate controlling party remains vested in the director by virtue of his 100% shareholdings. |
|
| 11 |
Going-concern |
|
|
The company's balance sheet remains insolvent at 31 December 2015 (£8541.00 compared to £13595.00 - 31 December 2014). It is intended that the director will continue to fund any current or future liabilities of the company. Consequently the financial statements of the company have been prepared on a going-concern basis in which the present circumstances appear appropriate. |
