Saffron Weaver Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09112952 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

SAFFRON WEAVER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E Hunter Smart

C Olsen

REGISTERED OFFICE:

19 Newman Lane

Alton

Hampshire

GU34 2QW

REGISTERED NUMBER:

09112952 (England and Wales)

ACCOUNTANTS:

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

FIXED ASSETS

Investments

2

2,236,705

2,037,706

CURRENT ASSETS

Debtors

100

Cash at bank

6,044

5,710

6,144

5,810

CREDITORS

Amounts falling due within one year

813,644

1,222,065

NET CURRENT LIABILITIES

(807,500

)

(1,216,255

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,429,205

821,451

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,429,105

821,351

SHAREHOLDERS' FUNDS

1,429,205

821,451

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 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 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 Board of Directors on 31 March 2017 and were signed on its
behalf by:

C Olsen - Director

E Hunter Smart - 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).

Preparation of consolidated financial statements

The financial statements contain information about Saffron Weaver Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has

taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

Deferred tax

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

the balance sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2015

2,037,706

Additions

198,999

At 31 August 2016

2,236,705

NET BOOK VALUE

At 31 August 2016

2,236,705

At 31 August 2015

2,037,706

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

FHS Motor Racing Ltd

Nature of business: Manufacture, processing and distribution of hoses

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

751,243

787,202

Profit for the year/period

604,041

627,366

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100