Micro-entity Accounts - S. M. SEABER LIMITED

S. M. SEABER LIMITED - Company Information

04749174 S. M. SEABER LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 04749174 2015-11-01 2016-10-31 04749174 2016-10-31 04749174 2015-10-31 04749174 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 04749174 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 04749174 uk-gaap-cd-bus:AllEntityOfficers 2015-11-01 2016-10-31 iso4217:GBP shares

Registered Number 04749174

S. M. SEABER LIMITED

Micro-entity Accounts

31 October 2016

S. M. SEABER LIMITED Registered Number 04749174

Micro-entity Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	1	3,211	4,015
		3,211	4,015
Current assets
Stocks		500	500
Debtors		14,365	20,797
		14,865	21,297
Creditors: amounts falling due within one year		(26,097)	(29,506)
Net current assets (liabilities)		(11,232)	(8,209)
Total assets less current liabilities		(8,021)	(4,194)
Creditors: amounts falling due after more than one year		(4)	0
Provisions for liabilities		(642)	(803)
Total net assets (liabilities)		(8,667)	(4,997)
Capital and reserves		(8,667)	(4,997)

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 March 2017

And signed on their behalf by:
Mr S M Seaber, Director

Footnotes:

Advances and credits
Included in debtors is a loan to the director. The sum outstanding as at 31/10/2016 was £12,745 (2015 £12745). It will repaid as and when personal finances allow the director to do so.

S. M. SEABER LIMITED Registered Number 04749174

Notes to the Micro-entity Accounts for the period ended 31 October 2016

1Tangible fixed assets

	£
Cost
At 1 November 2015	20,013
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 October 2016	20,013
Depreciation
At 1 November 2015	15,998
Charge for the year	804
On disposals	0
At 31 October 2016	16,802
Net book values
At 31 October 2016	3,211
At 31 October 2015	4,015

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to wrte off the assets over their estimated useful lives.

Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from the timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.