Subow Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08097393 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SUBOW LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Borowsky

Mr K A Borowsky

Miss J A Borowsky

Miss C Borowsky

REGISTERED OFFICE:

21 Briar Fields

Weavering

Maidstone

Kent

ME14 5UZ

REGISTERED NUMBER:

08097393 (England and Wales)

ACCOUNTANTS:

Sandison Lang Limited

2 St Marys Road

Tonbridge

Kent

TN9 2LB

FIXED ASSETS

Tangible assets

4

2,726

3,134

CURRENT ASSETS

Debtors

5

72,008

87,288

Cash at bank

398,220

353,928

470,228

441,216

CREDITORS

Amounts falling due within one year

6

(51,541

)

(57,310

)

NET CURRENT ASSETS

418,687

383,906

TOTAL ASSETS LESS CURRENT LIABILITIES

421,413

387,040

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

421,313

386,940

SHAREHOLDERS' FUNDS

421,413

387,040

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 7 November 2017 and were signed on its behalf by:

Mr K A Borowsky - Director

1.	STATUTORY INFORMATION

Subow 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

9,906

Additions

500

At 31 March 2017

10,406

DEPRECIATION

At 1 April 2016

6,772

Charge for year

908

At 31 March 2017

7,680

NET BOOK VALUE

At 31 March 2017

2,726

At 31 March 2016

3,134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

71,710

87,183

Other debtors

298

105

72,008

87,288

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1

-

Taxation and social security

44,957

38,598

Other creditors

6,583

18,712

51,541

57,310

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £149,456 (2016 - £66,200) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K A Borowsky.

The ultimate controlling party is Mr K A Borowsky.