SARCON_(NO.340)_LIMITED - Accounts

SARCON (NO. 340) LIMITED - Company Information

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Company Registration No. NI602563 (Northern Ireland)

SARCON (NO.340) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

SARCON (NO.340) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SARCON (NO.340) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,335,000

Current assets

Cash at bank and in hand

66,112

Creditors: amounts falling due within one year

(1,402,317)

(1,336,069)

Net current liabilities

(1,336,205)

(1,336,055)

Total assets less current liabilities

(1,205)

(1,055)

Capital and reserves

Called up share capital

Profit and loss account

(1,207)

(1,057)

Shareholders' funds

(1,205)

(1,055)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 December 2016

Mr. S Johnston

Director

Company Registration No. NI602563

SARCON (NO.340) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated) and the UK Statute comprising the companies Act 2006.

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

not depreciated

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

1,335,000

At 31 March 2015

1,335,000

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary of £1 each