Micro-entity Accounts - SAF CONTRACTS LIMITED

SAF CONTRACTS LIMITED - Company Information

04304399 SAF CONTRACTS LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 04304399 2016-04-01 2017-03-31 04304399 2017-03-31 04304399 2016-03-31 04304399 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 04304399 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 04304399 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 iso4217:GBP shares

Registered Number 04304399

SAF CONTRACTS LIMITED

Micro-entity Accounts

31 March 2017

SAF CONTRACTS LIMITED Registered Number 04304399

Micro-entity Balance Sheet as at 31 March 2017

	2017	2016
	£	£
Fixed Assets	13,623	15,838
Current Assets	168,588	212,885
Prepayments and accrued income	2,021	3,450
Creditors: amounts falling due within one year	(170,162)	(178,328)
Net current assets (liabilities)	447	38,007
Total assets less current liabilities	14,070	53,845
Accruals and deferred income	(18,518)	(13,596)
Total net assets (liabilities)	(4,448)	40,249
Capital and reserves	(4,448)	40,249

For the year ending 31 March 2017 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 December 2017

And signed on their behalf by:
R CLOWES, Director

Footnotes:

Advances and credits
During the year the director entered into the following advances and credits with the company:

R Clowes

2017 - Balance b/fwd £19,167 - Advances £11,324 - Balance outstanding £30,491
2016 - Balance b/fwd £12,921 - Advances £6,246 - Balance outstanding £19,167

SAF CONTRACTS LIMITED Registered Number 04304399

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Accounting Policies

Basis of measurement and preparation of accounts
Transition to FRS 105:

Equity reconciliation as at 01/04/15
Previously reported under UK GAAP: £9,449
Adjustments arising from transition to FRS 105: (£2,202)
Reported under FRS 105: £7,247

Equity reconciliation as at 31/03/16
Previously reported under UK GAAP: £37,227
Adjustments arising from transition to FRS 105: £2,923
Reported under FRS 105: £40,150

Profit and loss reconciliation year ended 31/03/16
Previously reported under UK GAAP: £46,675
Adjustments arising from transition to FRS 105: £721
Reported under FRS 105: £47,396

Accounting for deferred tax is prohibited under FRS 105. As at 31 January 2015 the company had a provision for liability for deferred tax. Movements in this provision for the year ended 31 January 2016 were credited to the profit and loss account.