Company Registration No. 08309292 (England and Wales)
Sanare Limited
Unaudited Abbreviated Financial Statements
For The Year Ended 30 November 2015
Sanare Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
Sanare Limited
Abbreviated Balance Sheet
As At 30 November 2015
Page 1
2015
2014
Notes
£
£
£
£
Current assets
Stocks
109,378
109,378
Cash at bank and in hand
1,843
63,739
111,221
173,117
Creditors: amounts falling due within one year
(111,203)
(139,653)
Total assets less current liabilities
18
33,464
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
16
33,462
Shareholders' funds
18
33,464
For the financial year ended 30 November 2015 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 24 August 2016
Mr J W Du Toit
Director
Company Registration No. 08309292
Sanare Limited
Notes To The Abbreviated Accounts
For The Year Ended 30 November 2015
Page 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 April 2008).
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. Turnover is recognised when goods are physically delivered to the customer and the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to the date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
Turnover is recognised when goods are physically delivered to the customer and the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to the date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2