S & G Trading (NW) Ltd - Abbreviated accounts 16.3

S & G Trading (NW) Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A Getty

B P Storey

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

08932395 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Intangible assets

2

101,660

22,941

Tangible assets

3

25,497

166

127,157

23,107

CURRENT ASSETS

Stocks

180,150

2,600

Debtors

174,698

22,161

Cash at bank

5,458

4,482

360,306

29,243

CREDITORS

Amounts falling due within one year

4

485,061

66,044

NET CURRENT LIABILITIES

(124,755

)

(36,801

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,402

(13,694

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

2,302

(13,794

)

SHAREHOLDERS' FUNDS

2,402

(13,694

)

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 15 August 2016 and were signed on its behalf by:

P A Getty - 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.

Development costs

Development costs are being amortised over its estimated useful life of 10 years on a straight line basis.

Tangible fixed assets

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

Plant and machinery etc

-

15% on 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

23,529

Additions

121,003

At 31 March 2016

144,532

AMORTISATION

At 1 April 2015

588

Amortisation for year

42,284

At 31 March 2016

42,872

NET BOOK VALUE

At 31 March 2016

101,660

At 31 March 2015

22,941

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

172

Additions

31,475

At 31 March 2016

31,647

DEPRECIATION

At 1 April 2015

6

Charge for year

6,144

At 31 March 2016

6,150

NET BOOK VALUE

At 31 March 2016

25,497

At 31 March 2015

166

4.

CREDITORS

Creditors include an amount of £ 79,935 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100