Kovit Santhai Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08634863 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

KOVIT SANTHAI LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr. A Santharuban

REGISTERED OFFICE:

121 Westmead Rd

Sutton

Surrey

SM1 4JE

REGISTERED NUMBER:

08634863 (England and Wales)

ACCOUNTANTS:

Accountancy Group

Accountants & Business Consultants

SVS House

Oliver Grove

London

SE25 6EJ

FIXED ASSETS

Tangible assets

2

5,442

7,255

CURRENT ASSETS

Stocks

36,569

30,249

Debtors

2,048

917

Cash at bank and in hand

29,695

42,089

68,312

73,255

CREDITORS

Amounts falling due within one year

(72,432

)

(78,238

)

NET CURRENT LIABILITIES

(4,120

)

(4,983

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,322

2,272

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

1,312

2,262

SHAREHOLDERS' FUNDS

1,322

2,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 8 May 2017 and were signed by:

Mr. A Santharuban - 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.

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.

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 September 2015

and 31 August 2016

11,300

DEPRECIATION

At 1 September 2015

4,045

Charge for year

1,813

At 31 August 2016

5,858

NET BOOK VALUE

At 31 August 2016

5,442

At 31 August 2015

7,255

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary Sha

1

10