For the year ended 28 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06820228
Sails And Marketing Ltd
For the year ended 28 February 2016
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Sails And Marketing Ltd
Accountants' Report
For the year ended 28 February 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
28
February
2016
and you consider that the company is exempt from an audit under the Companies Act
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2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
MPS Financials & Accountancy Ltd
Alluma House
19 Alexander Road
Thatcham
Berkshire
RG19 4QU
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Notes to the Abbreviated Financial Statements
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Sails And Marketing Ltd
For the year ended 28 February 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Fixtures and Fittings
1,008
1,008
390
155
Charge for year
545
463
618
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