Sanber Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04220267 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

SANBER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B M Coates

Mrs A M Coates

D Coates

SECRETARY:

Mrs A M Coates

REGISTERED OFFICE:

28 Oakworth Drive

Bolton

Lancashire

BL1 7BB

REGISTERED NUMBER:

04220267 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

BANKERS:

HSBC

1-3 Victoria Square

Bolton

Lancashire

BL1 1RJ

FIXED ASSETS

Tangible assets

2

78,394

37,810

CURRENT ASSETS

Stocks

41,491

29,317

Debtors

196,540

75,998

Cash at bank

487,212

309,875

725,243

415,190

CREDITORS

Amounts falling due within one year

411,679

190,362

NET CURRENT ASSETS

313,564

224,828

TOTAL ASSETS LESS CURRENT LIABILITIES

391,958

262,638

CREDITORS

Amounts falling due after more than one year

(29,107

)

(13,713

)

PROVISIONS FOR LIABILITIES

(5,861

)

(3,674

)

NET ASSETS

356,990

245,251

CAPITAL AND RESERVES

Called up share capital

3

100

2

Profit and loss account

356,890

245,249

SHAREHOLDERS' FUNDS

356,990

245,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 September 2014 and were signed on its behalf by:

B M Coates - Director

Mrs A M Coates - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tools and machinery

-

25% on reducing balance

Office equipment

-

50% on reducing balance

Motor vehicles

-

33% on reducing balance

Stocks

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

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

105,365

Additions

96,614

Disposals

(54,391

)

At 31 May 2014

147,588

DEPRECIATION

At 1 June 2013

67,555

Charge for year

40,429

Eliminated on disposal

(38,790

)

At 31 May 2014

69,194

NET BOOK VALUE

At 31 May 2014

78,394

At 31 May 2013

37,810

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

2

Ordinary

£1

100

2