Abbreviated Company Accounts - S G IMPORTS (SE) LTD

Abbreviated Company Accounts - S G IMPORTS (SE) LTD

S G IMPORTS (SE) LTD - Company Information

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Registered Number 07922713

S G IMPORTS (SE) LTD

Abbreviated Accounts

31 January 2016

S G IMPORTS (SE) LTD Registered Number 07922713

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 588 735
588 735
Current assets
Stocks 3,672 -
Debtors 12,494 7,337
Cash at bank and in hand 6,486 7,869
22,652 15,206
Creditors: amounts falling due within one year (22,083) (11,339)
Net current assets (liabilities) 569 3,867
Total assets less current liabilities 1,157 4,602
Total net assets (liabilities) 1,157 4,602
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,057 4,502
Shareholders' funds 1,157 4,602
  • For the year ending 31 January 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 directors acknowledge their 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 Board on 26 October 2016

And signed on their behalf by:
S Gupta, Director

S G IMPORTS (SE) LTD Registered Number 07922713

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

2Tangible fixed assets
£
Cost
At 1 February 2015 992
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2016 992
Depreciation
At 1 February 2015 257
Charge for the year 147
On disposals -
At 31 January 2016 404
Net book values
At 31 January 2016 588
At 31 January 2015 735