Abbreviated Company Accounts - SV SOUTHALL LTD

07165924 SV SOUTHALL LTD 2016-02-28 false 2015-03-01 2016-02-28 true 07165924 2015-03-01 2016-02-28 07165924 2016-02-28 07165924 2015-02-28 07165924 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 07165924 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07165924

SV SOUTHALL LTD

Abbreviated Accounts

28 February 2016

SV SOUTHALL LTD Registered Number 07165924

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	17,993	19,193
Tangible assets	3	74,647	81,620
		92,640	100,813
Current assets
Stocks		5,575	5,850
Debtors		395,810	428,752
Investments		200,000	200,000
Cash at bank and in hand		99,545	17,665
		700,930	652,267
Creditors: amounts falling due within one year		(205,647)	(216,981)
Net current assets (liabilities)		495,283	435,286
Total assets less current liabilities		587,923	536,099
Creditors: amounts falling due after more than one year		(488,860)	(454,671)
Total net assets (liabilities)		99,063	81,428
Capital and reserves
Called up share capital	4	150	150
Share premium account		49,950	49,950
Profit and loss account		48,963	31,328
Shareholders' funds		99,063	81,428

For the year ending 28 February 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 30 November 2016

And signed on their behalf by:
Saima Ibrar Khan, Director

SV SOUTHALL LTD Registered Number 07165924

Notes to the Abbreviated Accounts for the period ended 28 February 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 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful live.
Fixtures, fittings & equipment 15% Reducing balance
Motor vehicles 25% Straight line

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 March 2015	20,393
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	20,393
Amortisation
At 1 March 2015	1,200
Charge for the year	1,200
On disposals	-
At 28 February 2016	2,400
Net book values
At 28 February 2016	17,993
At 28 February 2015	19,193

3Tangible fixed assets

	£
Cost
At 1 March 2015	123,996
Additions	6,200
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	130,196
Depreciation
At 1 March 2015	42,376
Charge for the year	13,173
On disposals	-
At 28 February 2016	55,549
Net book values
At 28 February 2016	74,647
At 28 February 2015	81,620

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
150 Ordinary shares of £1 each	150	150

SHARE PREMIUM
The share premium of £49950 relates to shares issued to Mrs Saima Abrar Khan.
Norminal value being £50. Total paid for shares £50,000.