Sanula Limited - Abbreviated accounts

Sanula Limited - Abbreviated accounts


Registered number
09114230
Sanula Limited
Abbreviated Accounts
31 July 2016
Sanula Limited
Registered number: 09114230
Abbreviated Balance Sheet
as at 31 July 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,469 -
Current assets
Stocks 6,330 6,301
Debtors - 408
Cash at bank and in hand 24,381 36,975
30,711 43,684
Creditors: amounts falling due within one year (31,054) (42,209)
Net current (liabilities)/assets (343) 1,475
Net assets 1,126 1,475
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 1,125 1,474
Shareholders' funds 1,126 1,475
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Yuen San Tse
Director
Approved by the board on 9 February 2017
Sanula Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
Additions 1,836
At 31 July 2016 1,836
Depreciation
Charge for the year 367
At 31 July 2016 367
Net book value
At 31 July 2016 1,469
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 1 1
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