SEIGHFORD_TRADING_LIMITED - Accounts

SEIGHFORD TRADING LIMITED - Company Information

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Company Registration No. 06126855 (England and Wales)

SEIGHFORD TRADING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

SEIGHFORD TRADING LIMITED

CONTENTS

PAGE

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SEIGHFORD TRADING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

CURRENT ASSETS

Debtors

7,335

19,479

Cash at bank and in hand

1,613

8,377

8,948

27,856

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

(585,658)

(640,911)

TOTAL ASSETS LESS CURRENT LIABILITIES

(576,710)

(613,055)

CAPITAL AND RESERVES

Called up share capital

14,922

Share premium account

1,981,853

Profit and loss account

(2,573,485)

(2,609,830)

SHAREHOLDERS' FUNDS

(576,710)

(613,055)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 November 2016

Mr C J Eld

DIRECTOR

COMPANY REGISTRATION NO. 06126855

SEIGHFORD TRADING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

ACCOUNTING POLICIES

1.1

ACCOUNTING CONVENTION

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

GOING CONCERN

At the Balance Sheet date the company is insolvent. The going concern basis is considered appropriate as a result of support by the Directors of the company and that of a common shareholder controlled company.

1.2

COMPLIANCE WITH ACCOUNTING STANDARDS

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

TURNOVER

Turnover represents the net invoiced sales of services, excluding value added tax.

Where income is received that relates to subsequent periods, this income is treated as deferred income.

1.4

TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold property

Leasehold property

Fixtures, fittings & equipment

1.5

DEFERRED TAXATION

Deferred taxation is accounted for on an undiscounted basis at expected tax rates on all differences arising from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements.

A deferred tax asset is only recognised when it is more likely than not that the asset will be recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences can be deducted.

1.6

GROUP ACCOUNTS

The financial statements contain information about Seighford Trading Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

SEIGHFORD TRADING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

SHARE CAPITAL

2016

2015

ALLOTTED, CALLED UP AND FULLY PAID

1,422,400 Ordinary "A" of 1p each

14,224

69,800 Ordinary "B" of 1p each

698

14,922