Sarah Wright Kitchens Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06775438

ABBREVIATED UNAUDITED CESSATION ACCOUNTS

FOR THE PERIOD 1 APRIL 2015 TO 31 JULY 2016

FOR

SARAH WRIGHT KITCHENS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs S R W Cookson

REGISTERED OFFICE:

Swallow Barn

Whalley Road

Sabden

Clitheroe

Lancashire

BB7 9DT

REGISTERED NUMBER:

06775438

ACCOUNTANTS:

SBCA Chartered Accountants

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

FIXED ASSETS

Intangible assets

2

-

7,500

Tangible assets

3

-

922

-

8,422

CURRENT ASSETS

Stocks

-

11,633

Debtors

-

18,905

Cash at bank

1,072

873

1,072

31,411

CREDITORS

Amounts falling due within one year

(11,757

)

(20,643

)

NET CURRENT (LIABILITIES)/ASSETS

(10,685

)

10,768

TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,685

)

19,190

CREDITORS

Amounts falling due after more than one
year

-

(9,135

)

NET (LIABILITIES)/ASSETS

(10,685

)

10,055

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(10,785

)

9,955

SHAREHOLDERS' FUNDS

(10,685

)

10,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 November 2016 and were signed by:

Mrs S R W Cookson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

20,000

Disposals

(20,000

)

At 31 July 2016

-

AMORTISATION

At 1 April 2015

12,500

Eliminated on disposal

(12,500

)

At 31 July 2016

-

NET BOOK VALUE

At 31 July 2016

-

At 31 March 2015

7,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

6,646

Disposals

(6,646

)

At 31 July 2016

-

DEPRECIATION

At 1 April 2015

5,724

Eliminated on disposal

(5,724

)

At 31 July 2016

-

NET BOOK VALUE

At 31 July 2016

-

At 31 March 2015

922

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.3.15

value:

£

100

Ordinary

£1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2016 and

the year ended 31 March 2015:

31.7.16

31.3.15

£

Mrs S R W Cookson

Balance outstanding at start of period

3,127

11,989

Amounts advanced

13,876

1,738

Amounts repaid

(23,440

)

(10,600

)

Balance outstanding at end of period

(6,437

)

3,127

Mrs S R W Cookson's loan account consisted of a brought forward balance of £3,127. During the year

advances totalling £13,876 and credits totalling £23,440 were made. Interest has been charged on

overdrawn balances at the official rate. During the period dividends totalling £9,000 (2015: £10,600)

were paid to Mrs S R W Cookson. At the balance sheet date there was an amount of £6,437 owing to

Mrs S R W Cookson (in 2015 there was an amount of £3,127 owing from Mrs S R W Cookson).