Company Registration No. 03644521 (England and Wales)
SARA TRADE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
SARA TRADE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SARA TRADE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
€
€
€
€
Current assets
Debtors
409,680
1,373
Cash at bank and in hand
7,668
409,680
9,041
Creditors: amounts falling due within one year
(412,608)
(13,830)
Total assets less current liabilities
(2,928)
(4,789)
Capital and reserves
Called up share capital
2
14,209
14,209
Profit and loss account
(17,137)
(18,998)
Shareholders' funds
(2,928)
(4,789)
For the financial year ended 31 December 2014 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 and authorised for issue on 28 September 2015
MR IVAN NICOLAI KAUFMANN
Director
Company Registration No. 03644521
SARA TRADE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
The financial statements are prepared on the basis of going concern, which assumes that the company will be in operational existence for a foreseeable future. This depends upon the continued support of the shareholders and its creditors to enable the company to meet its debts as and when they fall due. The
financial
statements do not include any adjustments that would result if such support is withdrawn.
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 income derived from sales of machineries net of VAT.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into
Euros
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.
2
Share capital
2014
2013
€
€
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
14,209
14,209