Sandfords One Stop Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07549851 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

SANDFORDS ONE STOP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S I Sandford

REGISTERED OFFICE:

Percy Westhead & Company

Greg's Buildings

1 Booth Street

Manchester

Greater Manchester

M2 4AD

REGISTERED NUMBER:

07549851 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Greg's Buildings

1 Booth Street

Manchester

M2 4AD

FIXED ASSETS

Intangible assets

2

-

224,000

Tangible assets

3

-

40,298

-

264,298

CURRENT ASSETS

Stocks

-

31,447

Debtors

2,270

1,356

Cash at bank and in hand

-

22,346

2,270

55,149

CREDITORS

Amounts falling due within one year

4

54,752

204,379

NET CURRENT LIABILITIES

(52,482

)

(149,230

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,482

)

115,068

CREDITORS

Amounts falling due after more than one
year

4

-

84,664

NET (LIABILITIES)/ASSETS

(52,482

)

30,404

CAPITAL AND RESERVES

Called up share capital

5

30,000

Profit and loss account

(82,482

)

404

SHAREHOLDERS' FUNDS

(52,482

)

30,404

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

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

The director acknowledges his 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 22nd December 2016 and were signed by:

S I Sandford - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company ceased trading on 20th July 2015 and as required by the Financial Reporting Standard for Smaller

Entities (effective January 2015) and as permitted by SI 2008/420 Schedule 1(10) (2) the director has prepared

the accounts on the basis that the company is no longer a going concern.

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 2011, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Furniture and equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

280,000

Disposals

(280,000

)

At 31st March 2016

-

AMORTISATION

At 1st April 2015

56,000

Amortisation for year

4,666

Eliminated on disposal

(60,666

)

At 31st March 2016

-

NET BOOK VALUE

At 31st March 2016

-

At 31st March 2015

224,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

83,259

Additions

855

Disposals

(84,114

)

At 31st March 2016

-

DEPRECIATION

At 1st April 2015

42,961

Charge for year

3,236

Eliminated on disposal

(46,197

)

At 31st March 2016

-

NET BOOK VALUE

At 31st March 2016

-

At 31st March 2015

40,298

4.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 12,316 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

30,000

Ordinary

£1

30,000