Abbreviated Company Accounts - SAVEWARE PROFESSIONAL CONTRACTORS LIMITED

SAVEWARE PROFESSIONAL CONTRACTORS LIMITED - Company Information

Registered Number 05146940

SAVEWARE PROFESSIONAL CONTRACTORS LIMITED

Abbreviated Accounts

30 October 2016

SAVEWARE PROFESSIONAL CONTRACTORS LIMITED Registered Number 05146940

Abbreviated Balance Sheet as at 30 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	194,867	183,401
		194,867	183,401
Current assets
Stocks		95,052	95,052
Debtors		7,225	7,225
Cash at bank and in hand		9,504	-
		111,781	102,277
Creditors: amounts falling due within one year		-	(6,041)
Net current assets (liabilities)		111,781	96,236
Total assets less current liabilities		306,648	279,637
Creditors: amounts falling due after more than one year		-	(28,905)
Total net assets (liabilities)		306,648	250,732
Capital and reserves
Called up share capital		306,648	250,732
Shareholders' funds		306,648	250,732

For the year ending 30 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2017

And signed on their behalf by:
Dr Youhanna S MUHARIB-FARAGALLA, Director

SAVEWARE PROFESSIONAL CONTRACTORS LIMITED Registered Number 05146940

Notes to the Abbreviated Accounts for the period ended 30 October 2016

1Accounting 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.

Tangible assets depreciation policy
Depreciation is provided on all tangible assets, at rates calculated to write off the cost or valuation, less estimated residual value based on prices prevailing at the date of acquisition or revaluation, of each asset evenly over its expected useful life.
The basis and rates used are as follows:

Office Furniture, Fixture & Fitting 7.5% on written down value
Motor Vehicles & IT 20% on written down value

Other accounting policies
Deferred taxation is provided using the liability method on all timing differences to the extend that they are expected to reverse in the future without being replaced, calculated at the rate at which it is anticipated the timing difference will reverse

2Intangible fixed assets

	£
Cost
At 31 October 2015	183,401
Additions	15,007
Disposals	-
Revaluations	-
Transfers	-
At 30 October 2016	198,408
Amortisation
At 31 October 2015	-
Charge for the year	3,541
On disposals	-
At 30 October 2016	3,541
Net book values
At 30 October 2016	194,867
At 30 October 2015	183,401