Company Registration No. 09699925 (England and Wales)
SAVOURY EXPRESS LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 JULY 2016
SAVOURY EXPRESS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SAVOURY EXPRESS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
Notes
£
£
Fixed assets
Intangible assets
2
16,500
Tangible assets
2
17,101
33,601
Current assets
Cash at bank and in hand
1,797
Creditors: amounts falling due within one year
(34,883)
Net current liabilities
(33,086)
Total assets less current liabilities
515
Capital and reserves
Called up share capital
3
2
Profit and loss account
513
Shareholders' funds
515
For the financial Period ended 31 July 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 Period 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 24 October 2016
Mr A D Mole
Mrs I Mole
Director
Director
Company Registration No. 09699925
SAVOURY EXPRESS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 JULY 2016
- 2 -
1
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Fixtures, fittings & equipment
25% reducing balance basis
Motor vehicles
25% reducing balance basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015
-
-
-
Additions
22,000
34,301
56,301
Disposals
-
(11,500)
(11,500)
At 31 July 2016
22,000
22,801
44,801
Depreciation
At 1 August 2015
-
-
-
Charge for the period
5,500
5,700
11,200
At 31 July 2016
5,500
5,700
11,200
Net book value
At 31 July 2016
16,500
17,101
33,601
SAVOURY EXPRESS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2016
- 3 -
3
Share capital
2016
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2