Sarah Layton Online Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07677643 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SARAH LAYTON ONLINE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs G C Layton-Hill

N R Layton-Hill

Miss L S Holmes

Miss L J Rogers

REGISTERED OFFICE:

71 King Street

Whalley

Clitheroe

Lancashire

BB7 9SW

REGISTERED NUMBER:

07677643 (England and Wales)

ACCOUNTANTS:

DPM Accounting Services Ltd

Chartered Accountants

The Old Vicarage

50 Fielding Lane

Oswaldtwistle

Lancashire

BB5 3BH

FIXED ASSETS

Tangible assets

2

21,984

10,875

CURRENT ASSETS

Debtors

14,894

-

Cash at bank

12,756

11,544

27,650

11,544

CREDITORS

Amounts falling due within one year

24,384

12,902

NET CURRENT ASSETS/(LIABILITIES)

3,266

(1,358

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,250

9,517

CAPITAL AND RESERVES

Called up share capital

3

20

Profit and loss account

25,230

9,497

SHAREHOLDERS' FUNDS

25,250

9,517

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 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.

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 Board of Directors on 21 December 2016 and were signed on
its behalf by:

Mrs G C Layton-Hill - 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.

Tangible fixed assets

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

Computer equipment

-

15% on cost

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

18,142

Additions

16,270

At 31 March 2016

34,412

DEPRECIATION

At 1 April 2015

7,267

Charge for year

5,161

At 31 March 2016

12,428

NET BOOK VALUE

At 31 March 2016

21,984

At 31 March 2015

10,875

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

20

Ordinary

£1

20