Saccmar Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08202414 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Saccmar Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs G Martin

SECRETARY:

REGISTERED OFFICE:

2nd Floor

3 The Plain

Thornbury

Bristol

BS35 2AG

REGISTERED NUMBER:

08202414 (England and Wales)

ACCOUNTANTS:

Coben Associates

2nd Floor

3 The Plain

Thornbury

Bristol

BS35 2AG

FIXED ASSETS

Intangible assets

2

12,750

Tangible assets

3

8,148

9,074

20,898

21,824

CURRENT ASSETS

Stocks

9,679

11,726

Debtors

3,838

315

Cash at bank and in hand

2,083

15,600

14,124

CREDITORS

Amounts falling due within one year

34,796

33,789

NET CURRENT LIABILITIES

(19,196

)

(19,665

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,702

2,159

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

702

1,159

SHAREHOLDERS' FUNDS

1,702

2,159

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 December 2016 and were signed by:

Mrs G Martin - 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 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

15,000

AMORTISATION

At 1 April 2015

and 31 March 2016

2,250

NET BOOK VALUE

At 31 March 2016

12,750

At 31 March 2015

12,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

12,293

Additions

642

At 31 March 2016

12,935

DEPRECIATION

At 1 April 2015

3,219

Charge for year

1,568

At 31 March 2016

4,787

NET BOOK VALUE

At 31 March 2016

8,148

At 31 March 2015

9,074

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

1

1,000