Abbreviated Company Accounts - SALWATA LTD

Abbreviated Company Accounts - SALWATA LTD

Registered Number 07246065


Abbreviated Accounts

31 March 2016

SALWATA LTD Registered Number 07246065

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 684 1
684 1
Current assets
Debtors 2,582 2,207
Cash at bank and in hand 72,810 48,385
75,392 50,592
Creditors: amounts falling due within one year (29,946) (24,461)
Net current assets (liabilities) 45,446 26,131
Total assets less current liabilities 46,130 26,132
Total net assets (liabilities) 46,130 26,132
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 46,030 26,032
Shareholders' funds 46,130 26,132
  • For the year ending 31 March 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 5 July 2016

And signed on their behalf by:
J S Sullivan, Director

SALWATA LTD Registered Number 07246065

Notes to the Abbreviated Accounts for the period ended 31 March 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
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:

Equipment: 20% per annum on the straight line basis.

Other accounting policies
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets
At 1 April 2015 3,621
Additions 719
Disposals -
Revaluations -
Transfers -
At 31 March 2016 4,340
At 1 April 2015 3,620
Charge for the year 36
On disposals -
At 31 March 2016 3,656
Net book values
At 31 March 2016 684
At 31 March 2015 1
3Called Up Share Capital
Allotted, called up and fully paid:
100Ordinary shares of £1 each 100 100