Registered Number SC263561
S & S GREWAR LIMITED
Abbreviated Accounts
28 February 2016
S & S GREWAR LIMITED Registered Number SC263561
Abbreviated Balance Sheet as at 28 February 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 | 54,339 | 38,595 |
54,339 | 38,595 | ||
Current assets | |||
Stocks | 21,547 | 25,604 | |
Debtors | 55,781 | 74,500 | |
Cash at bank and in hand | 126,242 | 139,000 | |
203,570 | 239,104 | ||
Creditors: amounts falling due within one year | (87,823) | (108,918) | |
Net current assets (liabilities) | 115,747 | 130,186 | |
Total assets less current liabilities | 170,086 | 168,781 | |
Total net assets (liabilities) | 170,086 | 168,781 | |
Capital and reserves | |||
Called up share capital | 2 | 2 | |
Profit and loss account | 170,084 | 168,779 | |
Shareholders' funds | 170,086 | 168,781 |
- For the year ending 28 February 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 28 November 2016
And signed on their behalf by:
Jayne Grewar, Director
S & S GREWAR LIMITED Registered Number SC263561
Notes to the Abbreviated Accounts for the period ended 28 February 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.
Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance
Valuation information and policy
Stock is valued at the lower of cost and net realisable value
Other accounting policies
The pension costs charges in the financial statements represent the contributions payable be the company during the year.
The regular cost of providing retirement pensions and related benefits is charges to the profit and loss account over the employee’s service lives on the basis of a constant percentage of earnings
£ | |
---|---|
Cost | |
At 1 March 2015 | 192,653 |
Additions | 31,388 |
Disposals | - |
Revaluations | - |
Transfers | - |
At 28 February 2016 | 224,041 |
Depreciation | |
At 1 March 2015 | 154,058 |
Charge for the year | 15,644 |
On disposals | - |
At 28 February 2016 | 169,702 |
Net book values | |
At 28 February 2016 | 54,339 |
At 28 February 2015 | 38,595 |
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