Abbreviated Company Accounts - SILVER SAVER LIMITED

SILVER SAVER LIMITED - Company Information

04372035 SILVER SAVER LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04372035 2013-04-01 2014-03-31 04372035 2014-03-31 04372035 2013-03-31 04372035 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04372035 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 04372035

SILVER SAVER LIMITED

Abbreviated Accounts

31 March 2014

SILVER SAVER LIMITED Registered Number 04372035

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	39,037	36,680
		39,037	36,680
Current assets
Stocks		242,367	240,687
Debtors		-	2,958
Cash at bank and in hand		44,291	40,534
		286,658	284,179
Creditors: amounts falling due within one year		(243,122)	(242,007)
Net current assets (liabilities)		43,536	42,172
Total assets less current liabilities		82,573	78,852
Provisions for liabilities		(7,219)	(6,600)
Total net assets (liabilities)		75,354	72,252
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		74,354	71,252
Shareholders' funds		75,354	72,252

For the year ending 31 March 2014 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 30 December 2014

And signed on their behalf by:
John Pickersgill, Director

SILVER SAVER LIMITED Registered Number 04372035

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value added tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & machinery - 15% on a reducing balance method
Motor vehicles - 25% on a reducing balance method

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 April 2013	84,115
Additions	8,875
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	92,990
Depreciation
At 1 April 2013	47,435
Charge for the year	6,518
On disposals	-
At 31 March 2014	53,953
Net book values
At 31 March 2014	39,037
At 31 March 2013	36,680

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000