SARA_AGAR_INTERIORS_LTD - Accounts

SARA AGAR INTERIORS LTD - Company Information

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Company Registration No. 05533877 (England and Wales)

SARA AGAR INTERIORS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

SARA AGAR INTERIORS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SARA AGAR INTERIORS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

49,523

64,478

Current assets

Stocks

13,931

40,778

Debtors

28,750

43,248

Cash at bank and in hand

11,756

562

54,437

84,588

Creditors: amounts falling due within one year

(165,648)

(124,806)

Net current liabilities

(111,211)

(40,218)

Total assets less current liabilities

(61,688)

24,260

Capital and reserves

Called up share capital

100

Profit and loss account

(61,788)

24,160

Shareholders' funds

(61,688)

24,260

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 January 2017

Mrs S.L. Agar

Director

Company Registration No. 05533877

SARA AGAR INTERIORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company meets its day to day working capital requirements through loans made available by the directors. These loans are repayable on demand.

The directors have indicated that these loans will continue to be made available for the foreseeable future, and on this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the loans by the directors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2015

105,146

Additions

1,553

At 30 April 2016

106,699

Depreciation

At 1 May 2015

40,668

Charge for the year

16,508

At 30 April 2016

57,176

Net book value

At 30 April 2016

49,523

At 30 April 2015

64,478

SARA AGAR INTERIORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100