Sarah Latham Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05735562 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Sarah Latham Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S Salter

C E K Salter

SECRETARY:

C E K Salter

REGISTERED OFFICE:

1 Artillery Terrace

Guildford

Surrey

GU1 4NL

REGISTERED NUMBER:

05735562 (England and Wales)

ACCOUNTANT:

JMSolutions(Guildford)

13 Gatley Drive

Guildford

Surrey

GU4 7JJ

FIXED ASSETS

Tangible assets

2

7,921

15,842

CURRENT ASSETS

Debtors

41,837

85,521

Cash at bank

24,011

33,519

65,848

119,040

CREDITORS

Amounts falling due within one year

106,696

114,988

NET CURRENT (LIABILITIES)/ASSETS

(40,848

)

4,052

TOTAL ASSETS LESS CURRENT LIABILITIES

(32,927

)

19,894

PROVISIONS FOR LIABILITIES

-

3,168

NET (LIABILITIES)/ASSETS

(32,927

)

16,726

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(32,928

)

16,725

SHAREHOLDERS' FUNDS

(32,927

)

16,726

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 S Salter - 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.

Plant and machinery etc

-

33% 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

and 31 March 2016

29,822

DEPRECIATION

At 1 April 2015

13,980

Charge for year

7,921

At 31 March 2016

21,901

NET BOOK VALUE

At 31 March 2016

7,921

At 31 March 2015

15,842

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES