Sharenow Limited - Abbreviated accounts 16.3
Sharenow Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30th June 2016 |
| for |
| Sharenow Limited |
| Sharenow Limited (Registered number: 02536281) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30th June 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Report of the Accountants | 5 |
| Sharenow Limited |
| Company Information |
| for the Year Ended 30th June 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Sharenow Limited (Registered number: 02536281) |
| Abbreviated Balance Sheet |
| 30th June 2016 |
| 30.6.16 | 30.6.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Sharenow Limited (Registered number: 02536281) |
| Abbreviated Balance Sheet - continued |
| 30th June 2016 |
| The financial statements were approved by the Board of Directors on were signed on its behalf by: |
| Sharenow Limited (Registered number: 02536281) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30th June 2016 |
| 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. |
| Tangible fixed assets |
| 25% Reducing balance |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st July 2015 |
| and 30th June 2016 |
| DEPRECIATION |
| At 1st July 2015 |
| Charge for year |
| At 30th June 2016 |
| NET BOOK VALUE |
| At 30th June 2016 |
| At 30th June 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
| value: | £ | £ |
| Ordinary | £1 |
| Sharenow Limited |
| Report of the Accountants to the Directors of |
| Sharenow Limited |
| The following reproduces the text of the report prepared for the directors in respect of the |
| company's annual unaudited financial statements, from which the unaudited abbreviated |
| accounts (set out on pages two to four) have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2016 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 27th November 2016 |