Sam Forster Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04731850 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th April 2016

for

Sam Forster Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Forster

SECRETARY:

Ms J Webb

REGISTERED OFFICE:

272 Regents Park Road

Finchley

London

N3 3HN

REGISTERED NUMBER:

04731850 (England and Wales)

ACCOUNTANTS:

Spencer Hyde Limited

272 Regents Park Road

London

N3 3HN

FIXED ASSETS

Tangible assets

2

8,570

10,894

CURRENT ASSETS

Stocks

2,000

Debtors

224,686

122,369

Cash at bank

75,519

89,127

302,205

213,496

CREDITORS

Amounts falling due within one year

95,979

96,452

NET CURRENT ASSETS

206,226

117,044

TOTAL ASSETS LESS CURRENT
LIABILITIES

214,796

127,938

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

214,696

127,838

SHAREHOLDERS' FUNDS

214,796

127,938

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28th January 2017 and were signed by:

S Forster - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

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 20% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

and 30th April 2016

69,382

DEPRECIATION

At 1st May 2015

58,488

Charge for year

2,324

At 30th April 2016

60,812

NET BOOK VALUE

At 30th April 2016

8,570

At 30th April 2015

10,894

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	ULTIMATE CONTROLLING PARTY

The controlling party is S Forster.