Accounts filed on 31-03-2016


Registered number: 3967085






Sancto International Ltd


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/03/2016
























Prepared By:
Professional Renaissance Limited
Ceritified Public Accountants
First Floor
69 High Street
Rayleigh
Essex
SS6 7EJ


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/03/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 3967085


Registered Number: 3967085

BALANCE SHEET AT 31/03/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Intangible assets	2		35,479		42,818
Tangible assets	3		41,056		32,142

			76,535		74,960

CURRENT ASSETS
Stock		87,995		86,395
Debtors (amounts falling due within one year)	4	81,959		162,242
Cash at bank and in hand		20,935		2,317
		190,889		250,954
CREDITORS: Amounts falling due within one year		13,857		28,044
NET CURRENT ASSETS			177,032		222,910
TOTAL ASSETS LESS CURRENT LIABILITIES			253,567		297,870


PROVISIONS FOR LIABILITIES			5,623		5,623

NET ASSETS			247,944		292,247

CAPITAL AND RESERVES

Called up share capital	5		1,300		1,300
Profit and loss account			246,644		290,947
SHAREHOLDERS' FUNDS			247,944		292,247

For the year ending 31/03/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 01/08/2016 and signed on their behalf by




Mr A Solly
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 20%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	2,379	198
Other debtors	77,611	162,044
	79,990	162,242




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
1000 of £ each	1000	1000
300 Ordinary B shares of £1 each	300	300
	1,300	1,300




6. RELATED PARTY TRANSACTIONS
The following transactions have taken place between Sancto International Limited and Sancto Limited an associated company.
Intercompany loan debtor of £162,043 (2014: £189,387). This loan was interest free and repayable on demand.
Purchase of goods from Sancto Limited under ordinary commercial terms which amounted to £61,320 balance as at 31st March 2015 £0 (2014: £104,038) balance as at 31st March 2014 £0.




7. TURNOVER

The turnover and pre-tax result is attributable to retail of party supplies.

	2016	2015
	£	£
Sales	391,438	416,312
Sales	-	4,304
	391,438	420,616




8. CONTROLLING PARTY
The company was controlled during the year by Mr A Solly by virtue of his 100% holding of the ordinary voting share capital.