Sable Associates Limited,Ltd - Accounts

Sable Associates Limited,Ltd - Accounts

SABLE ASSOCIATES LTD - Company Information

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2015-05-01 05357577 2016-04-30 05357577 2015-05-01 2016-04-30 05357577 2015-04-30 05357577 2014-05-01 2015-04-30 05357577 uk-core:WithinOneYear 2015-04-30 05357577 uk-core:WithinOneYear 2016-04-30 05357577 uk-core:ShareCapital 2016-04-30 05357577 uk-core:ShareCapital 2015-04-30 05357577 uk-core:RetainedEarningsAccumulatedLosses 2016-04-30 05357577 uk-core:RetainedEarningsAccumulatedLosses 2015-04-30 05357577 uk-bus:Director1 2015-05-01 2016-04-30 05357577 uk-core:OfficeEquipment 2015-05-01 2016-04-30 iso4217:GBP 05357577 uk-bus:AuditExempt-NoAccountantsReport 2015-05-01 2016-04-30 05357577 uk-bus:FRS102 2015-05-01 2016-04-30 05357577 uk-bus:FullAccounts 2015-05-01 2016-04-30 05357577 uk-bus:PrivateLimitedCompanyLtd 2015-05-01 2016-04-30
Sable Associates Limited
Registered Number:05357577
For the year ended 30 April 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2016
Sable Associates Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2016
Sable Associates Limited
Statement of Financial Position
Registered Number :
05357577
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
3,073
4,098
2
3,073
4,098
Current assets
Trade and other receivables
10,600
189,226
3
108,656
Cash and cash equivalents
31,560
220,786
119,256
Trade and other payables: amounts falling due within one
year
(45,862)
(63,831)
4
73,394
156,955
Net current assets
Total assets less current liabilities
160,028
77,492
160,028
Net assets
77,492
Capital and reserves
Called up share capital
2
2
Retained earnings
160,026
77,490
160,028
77,492
Shareholders' funds
For the year ended 30 April 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Michael Dance Director
These financial statements were approved and authorised for issue by the Board on 14 January 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 April 2016
Sable Associates Limited
Notes to the Financial Statements
Statutory Information
Sable Associates Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05357577.
Registered address:
5 St Mary's Grove
Chiswick
London
W4 3LL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 May 2015
18,970
At 30 April 2016
18,970
Provision for depreciation and impairment
At 01 May 2015
14,872
Charge for year
1,025
At 30 April 2016
15,897
At 30 April 2016
Net book value
3,073
At 30 April 2015
4,098
2 of 3
5
For the year ended 30 April 2016
Sable Associates Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2015
2016
£
£
Trade debtors
5,418
10,600
Deferred tax asset
28,110
-
Amounts owed by directors
155,698
-
10,600
189,226
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Taxation and social security
63,516
45,019
Directors' current accounts
-
150
Other creditors
315
693
63,831
45,862
5. Directors advances and guarantees
Creditors includes a sum of £155,698 owed by the director. The sum of £44,000 was repaid within nine months of the
year end. Further repayments and the associated reclaim of corporation tax amounting to £32,460 will be made.
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