Sladmore Contemporary Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06365864 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Sladmore Contemporary Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G C Farrell

E F Horswell

Mrs N Horswell

SECRETARY:

Mrs N Horswell

REGISTERED OFFICE:

32 Bruton Place

Off Berkeley Square

London

W1J 6NW

REGISTERED NUMBER:

06365864 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Tangible assets

2

10,696

1

CURRENT ASSETS

Stocks

245,201

227,552

Debtors

193,983

558,691

Cash at bank and in hand

263,697

237,498

702,881

1,023,741

CREDITORS

Amounts falling due within one year

437,686

864,248

NET CURRENT ASSETS

265,195

159,493

TOTAL ASSETS LESS CURRENT
LIABILITIES

275,891

159,494

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

275,791

159,394

SHAREHOLDERS' FUNDS

275,891

159,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

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 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 20 January 2017 and were signed on its behalf by:

G C Farrell - 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.

Land and buildings

-

over the lease term

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and

slow moving items and excludes any items held on consignment.

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 May 2015

10,011

Additions

12,735

At 30 April 2016

22,746

DEPRECIATION

At 1 May 2015

10,010

Charge for year

2,040

At 30 April 2016

12,050

NET BOOK VALUE

At 30 April 2016

10,696

At 30 April 2015

1

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Share capital 1

£1

100