| Salect Senipon Ltd |
| Registered number: |
SC164179 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
833,528 |
|
|
639,065 |
|
| Current assets |
| Debtors |
|
|
2 |
|
|
530 |
| Cash at bank and in hand |
|
|
3,725 |
|
|
189,368 |
|
|
|
3,727 |
|
|
189,898 |
|
| Creditors: amounts falling due within one year |
|
|
(11,739) |
|
|
(7,496) |
|
| Net current (liabilities)/assets |
|
|
|
(8,012) |
|
|
182,402 |
|
| Net assets |
|
|
|
825,516 |
|
|
821,467 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
825,514 |
|
|
821,465 |
|
| Shareholder's funds |
|
|
|
825,516 |
|
|
821,467 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
| D Murdoch |
| Director |
| Approved by the board on 30 September 2016 |
|
| Salect Senipon Ltd |
| Notes to the Abbreviated Accounts |
| for the period ended 31 March 2016 |
|
| 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 January 2015). |
|
|
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 |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Freehold investment property |
|
In accordance with the FRSSE, investment properties are revalued annually and any surplus or deficit is transferred to the revaluation reserve. No depreciation has been provided in respect of investment properties. This treatment conflicts with the requirement of the Companies Act that all properties should be depreciated. The director considers that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. |
|
|
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. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2015 |
647,978 |
|
Additions |
199,234 |
|
At 31 March 2016 |
847,212 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2015 |
8,913 |
|
Charge for the period |
4,771 |
|
At 31 March 2016 |
13,684 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
833,528 |
|
At 30 April 2015 |
639,065 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and unpaid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
