Sangjan & Back Ltd - Accounts to registrar - small 16.3

Sangjan & Back Ltd - Accounts to registrar - small 16.3

SANGJAN & BACK LIMITED - Company Information

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REGISTERED NUMBER: 05289908 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2017

for

Sangjan & Back Ltd

Sangjan & Back Ltd (Registered number: 05289908)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sangjan & Back Ltd

Company Information
for the Year Ended 31 January 2017







DIRECTORS: Mr J S Back
Mrs P Back



SECRETARY: Mr J S Back



REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP



REGISTERED NUMBER: 05289908 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: HSBC
61 High Street
Sandown
Isle of Wight
PO36 8AA
Page 1
Sangjan & Back Ltd (Registered number: 05289908)

Balance Sheet
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,000
Tangible assets 5 2,927 3,444
2,927 4,444

CURRENT ASSETS
Stocks 2,175 2,250
Cash at bank and in hand 53,127 63,896
55,302 66,146
CREDITORS
Amounts falling due within one year 6 43,895 50,949
NET CURRENT ASSETS 11,407 15,197
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,334
19,641

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,332 19,639
SHAREHOLDERS' FUNDS 14,334 19,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2017 and were signed on its behalf by:




Mr J S Back - Director


The notes form part of these financial statements

Page 2
Sangjan & Back Ltd (Registered number: 05289908)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Sangjan & Back Ltd is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

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

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2016
and 31 January 2017 10,000
AMORTISATION
At 1 February 2016 9,000
Charge for year 1,000
At 31 January 2017 10,000
NET BOOK VALUE
At 31 January 2017 -
At 31 January 2016 1,000

Page 3 continued...
Sangjan & Back Ltd (Registered number: 05289908)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2016
and 31 January 2017 25,767
DEPRECIATION
At 1 February 2016 22,323
Charge for year 517
At 31 January 2017 22,840
NET BOOK VALUE
At 31 January 2017 2,927
At 31 January 2016 3,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade creditors 405 302
Taxation and social security 4,672 4,138
Other creditors 38,818 46,509
43,895 50,949

Page 4