REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015 |
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FOR |
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SAVANNAH ADVISORY LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015 |
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FOR |
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SAVANNAH ADVISORY LIMITED |
SAVANNAH ADVISORY LIMITED (REGISTERED NUMBER: 06149866) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
SAVANNAH ADVISORY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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SAVANNAH ADVISORY LIMITED (REGISTERED NUMBER: 06149866) |
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ABBREVIATED BALANCE SHEET |
31 JULY 2015 |
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31.7.15 | 31.7.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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PROVISIONS FOR LIABILITIES |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
SAVANNAH ADVISORY LIMITED (REGISTERED NUMBER: 06149866) |
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ABBREVIATED BALANCE SHEET - continued |
31 JULY 2015 |
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The financial statements were approved by the director on
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SAVANNAH ADVISORY LIMITED (REGISTERED NUMBER: 06149866) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements are prepared on the basis that the company is a going concern. The director considers |
this appropriate as based on current activity levels he anticipates an improvement in both turnover and |
profitability during the current year. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents the value of services provided by the company stated net of value added tax. |
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Turnover in respect of temporary placements is recognised when the work is performed. |
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Where work is undertaken in respect of permanent placements the company is either engaged on a retained or |
non retained basis. Where the company is engaged on a non retained basis it recognises turnover when the |
candidate starts work. Where the company is engaged on a retained basis it recognises turnover based on when |
the work is performed, having regard to the terms agreed with its customer in relation to when it has earned the |
right to the revenue. Where appropriate provision is made for any cancellation of appointments shortly after the |
appointment commences. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
SAVANNAH ADVISORY LIMITED (REGISTERED NUMBER: 06149866) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2014 |
and 31 July 2015 |
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DEPRECIATION |
At 1 August 2014 |
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Charge for year |
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At 31 July 2015 |
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NET BOOK VALUE |
At 31 July 2015 |
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At 31 July 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.15 | 31.7.14 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 July 2015 and |
31 July 2014: |
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31.7.15 | 31.7.14 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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The above loan consists of a number of advances, the largest of which was £3,260. The loan was interest free |
when the the balance was below £10,000. In the period when the balance was above £10,000 interest was |
charged at a rate of 3.25% p.a. in the period to 5 April 2015 and at a rate of 3.00% p.a. after that date. The total |
interest charge in the year was £291 and this total is included in the advances figure above. The loan was |
repayable on demand with the highest amount outstanding at any point during the year being £15,110 and the |
lowest balance being £6,000. |
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