Company Registration No. 06582527 (England and Wales)
Save And Claim Limited
Unaudited accounts
for the year ended 31 May 2017
Save And Claim Limited
Unaudited accounts
Contents
Save And Claim Limited
Company Information
for the year ended 31 May 2017
Director
David John Furey
Company Number
06582527 (England and Wales)
Registered Office
25 DOLLIS PARK
Finchley
LONDON
N3 1HJ
Accountants
Blake Weltman & Co
Sovereign House
1 Albert Place
Finchley
London
N3 1QB
Save And Claim Limited
Statement of financial position
as at
31 May 2017
Tangible assets
32,947
62,419
Debtors
1,184,122
1,244,039
Cash at bank and in hand
2,869
26,734
Creditors: amounts falling due within one year
(59,136)
(55,300)
Net current assets
1,127,855
1,215,473
Total assets less current liabilities
1,160,802
1,277,892
Creditors: amounts falling due after more than one year
(1,593,471)
(1,593,471)
Net liabilities
(432,669)
(315,579)
Called up share capital
50
50
Capital redemption reserve
50
50
Profit and loss account
(432,769)
(315,679)
Shareholders' funds
(432,669)
(315,579)
For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 March 2018.
David John Furey
Director
Company Registration No. 06582527
Save And Claim Limited
Notes to the Accounts
for the year ended 31 May 2017
Save And Claim Limited is a private company, limited by shares, registered in England and Wales, registration number 06582527. The registered office is 25 DOLLIS PARK, Finchley, LONDON, N3 1HJ. The principal place of business is Anchor Building, Westgate, Morecambe, Lancashire, LA3 3DD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Motor vehicles are depreciated at 25% over 4 years.
Fixtures & fittings
Fixtures and fittings are depreciated at 25% over 4 years.
Computer equipment
Computer equipment are depreciated at 25% over 4 years.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Save And Claim Limited
Notes to the Accounts
for the year ended 31 May 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2016
38,754
49,152
99,017
186,923
Disposals
(3,124)
-
-
(3,124)
At 31 May 2017
35,630
49,152
99,407
184,189
At 1 June 2016
23,873
29,388
71,243
124,504
Charge for the year
3,314
8,713
14,711
26,738
At 31 May 2017
27,187
38,101
85,954
151,242
At 31 May 2017
8,443
11,051
13,453
32,947
At 31 May 2016
14,881
19,764
27,774
62,419
Trade debtors
413,480
413,480
Accrued income and prepayments
724,439
745,978
Other debtors
46,203
84,581
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
59,136
55,300
7
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
1,593,471
1,593,471
8
Share capital
2017
2016
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
9
Average number of employees
During the year the average number of employees was 4 (2016: 15).