Richard Safadi Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07723389 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1ST SEPTEMBER 2014 TO 30TH AUGUST 2015

FOR

RICHARD SAFADI LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R J Safadi

REGISTERED OFFICE:

44 St Helens Road

Swansea

SA1 4BB

REGISTERED NUMBER:

07723389 (England and Wales)

ACCOUNTANTS:

HR Harris & Partners (2010) Limited

Chartered Accountants

44 St Helens Road

Swansea

West Glamorgan

SA1 4BB

FIXED ASSETS

Tangible assets

2

254

-

CURRENT ASSETS

Stocks

245,318

-

Debtors

1,759

-

Cash at bank and in hand

25,202

100

272,279

100

CREDITORS

Amounts falling due within one year

269,291

-

NET CURRENT ASSETS

2,988

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,242

100

PROVISIONS FOR LIABILITIES

51

-

NET ASSETS

3,191

100

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,091

-

SHAREHOLDERS' FUNDS

3,191

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th August 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25th August 2016 and were signed by:

R J Safadi - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

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.

Stocks

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

obsolete and slow moving items.

Going concern

Based on the results shown in these financial statements together with post period end trading and his

knowledge of the business, the Director is confident that the going concern principle may be applied.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

341

At 30th August 2015

341

DEPRECIATION

Charge for period

87

At 30th August 2015

87

NET BOOK VALUE

At 30th August 2015

254

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100