Szerelmey Conservation Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08925853 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

SZERELMEY CONSERVATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A M Bonner

SECRETARY:

Anagenesis Partnership

REGISTERED OFFICE:

Springfield House

99-101 Crossbrook Street

Waltham Cross

Hertfordshire

EN8 8JR

REGISTERED NUMBER:

08925853 (England and Wales)

ACCOUNTANTS:

The Trevor Jones Partnership LLP

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

FIXED ASSETS

Intangible assets

2

56,742

49,913

Tangible assets

3

23,290

4,090

80,032

54,003

CURRENT ASSETS

Stocks

-

4,480

Debtors

749,870

424,864

Cash at bank

55,875

107,590

805,745

536,934

CREDITORS

Amounts falling due within one year

752,458

519,795

NET CURRENT ASSETS

53,287

17,139

TOTAL ASSETS LESS CURRENT
LIABILITIES

133,319

71,142

CREDITORS

Amounts falling due after more than one
year

6,190

24,450

NET ASSETS

127,129

46,692

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

126,129

45,692

SHAREHOLDERS' FUNDS

127,129

46,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 17 January 2017 and were signed by:

A M Bonner - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

55,459

Additions

13,500

At 30 June 2016

68,959

AMORTISATION

At 1 July 2015

5,546

Amortisation for year

6,671

At 30 June 2016

12,217

NET BOOK VALUE

At 30 June 2016

56,742

At 30 June 2015

49,913

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

5,592

Additions

26,226

Disposals

(3,995

)

At 30 June 2016

27,823

DEPRECIATION

At 1 July 2015

1,502

Charge for year

4,334

Eliminated on disposal

(1,303

)

At 30 June 2016

4,533

NET BOOK VALUE

At 30 June 2016

23,290

At 30 June 2015

4,090

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

5.	ULTIMATE PARENT COMPANY

Szerelmey (UK) Holdings Limited is regarded by the director as being the company's ultimate parent company.