Sanches.com Limited
Sanches.com Limited
Registered number: 04497351
Unaudited Financial Statements
For The Year Ended 31 March 2017
Bainbridge Lewis
24a Castle Street
Brighton
BN1 2HD
Sanches.com Limited
Unaudited Financial Statements
For The Year Ended 31 March 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—6 |
Sanches.com Limited
Balance Sheet
As at
31 March 2017
Balance Sheet
Registered number:
04497351
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 12,064 | 374 | |||
Page 1
Sanches.com Limited
Balance Sheet (continued)
As at
31 March 2017
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 4 to 6 form part of these financial statements.
Page 2
Sanches.com Limited
Statement of Changes in Equity
For The Year Ended 31 March 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 April 2015 |
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1,668 |
| Profit for the year and total comprehensive income | - |
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28,545 |
| Dividends paid | - | (29,839) | (29,839) |
| As at 31 March 2016 and 1 April 2016 |
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374 |
| Profit for the year and total comprehensive income | - |
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16,690 |
| Dividends paid | - | (5,000) | (5,000) |
| As at |
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12,064 |
Page 3
Sanches.com Limited
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the value of services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.4.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Sales, marketing and distribution |
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6.
Tangible Assets
| Computer Equipment | |
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| £ | |
| Cost | |
| As at |
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| Additions |
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| Disposals |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| Disposals |
( |
| As at |
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| Net Book Value | |
| As at |
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| As at |
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Page 4
Sanches.com Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
7.
Debtors
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| VAT |
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8.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Corporation tax |
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| Other taxes and social security |
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| VAT | - |
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| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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10.
Transactions With and Loans to Directors
Included within Creditors is the following loan from the director:
| As at |
Amounts advanced | Amounts repaid | As at |
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| £ | £ | £ | £ | |
| Mr Luis Sanches |
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The above loan is unsecured, interest free and repayable on demand.
During the year the director claimed £1,395 for use of home as office (2016 - £1,108)
Dividends paid to directors
| 2017 | 2016 | |
|---|---|---|
| £ | £ | |
| Mr Luis Sanches | 5,000 | 29,839 |
Page 5
Sanches.com Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
11.
Dividends
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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| Final dividend paid |
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| 5,000 | 29,839 | ||
12.
Ultimate Controlling Party
The ultimate controlling party is the sole director and shareholder, L D Sanches.
13.
General Information
Sanches.com Limited Registered number 04497351 is a limited by shares company incorporated in England & Wales. The Registered Office is 14 Brittany Road, Hove, East Sussex, BN3 4PB.
Page 6