Company Registration No. 02338522 (England and Wales)
SANT CASTINGS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
SANT CASTINGS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
SANT CASTINGS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
209,957
227,387
Current assets
Stocks
5,875
5,217
Debtors
354,477
324,793
Cash at bank and in hand
302,308
370,011
662,660
700,021
Creditors: amounts falling due within one year
(573,388)
(652,003)
Net current assets
89,272
48,018
Total assets less current liabilities
299,229
275,405
Creditors: amounts falling due after more than one year
(5,865)
(20,597)
Provisions for liabilities
(9,457)
(10,581)
283,907
244,227
Capital and reserves
Called up share capital
3
50
50
Other reserves
50
50
Profit and loss account
283,807
244,127
Shareholders' funds
283,907
244,227
SANT CASTINGS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 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 11 November 2016
Mr S Suman
Director
Company Registration No. 02338522
SANT CASTINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
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
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:
Plant and machinery
15% reducing balance basis
Fixtures, fittings & equipment
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Expenditure on tenanted property is not depreciated. The tenanted property is maintained to ensure that the value does not diminish over time. The maintenance costs are charged to the profit and loss account in the year incurred.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
SANT CASTINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
785,188
Additions
13,429
At 30 September 2016
798,617
Depreciation
At 1 October 2015
557,801
Charge for the year
30,859
At 30 September 2016
588,660
Net book value
At 30 September 2016
209,957
At 30 September 2015
227,387
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50 Ordinary of £1 each
50
50