Company Registration No. 08657005 (England and Wales)
Signet Dry Cleaners Limited
Abbreviated unaudited accounts
for the year ended 31 August 2016
Signet Dry Cleaners Limited
Abbreviated Balance Sheet
as at
31 August 2016
Intangible assets
21,263
24,300
Tangible assets
3,442
4,271
Cash at bank and in hand
808
4,490
Creditors: amounts falling due within one year
(91,090)
(56,820)
Net current liabilities
(24,517)
(27,629)
Called up share capital
100
100
Profit and loss account
88
842
Total shareholders' funds
188
942
For the year ending 31 August 2016 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 30 June 2017
Mrs Lorraine Persaud
Director
Company Registration No. 08657005
Signet Dry Cleaners Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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:
Plant & machinery
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
2
Intangible fixed assets
At 1 September 2015
30,374
At 1 September 2015
6,074
Charge for the year
3,037
Signet Dry Cleaners Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
At 1 September 2015
5,612
At 1 September 2015
1,341
Amounts due after more than one year
-
3,331
5
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
6
Transactions with directors
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
5,007
15,661
-
20,668
Director's loan account
5,006
15,661
-
20,667
During the year, the company advanced £15,661 to Mr Ralph Persaud (2015 £5,007). The maximum amount of the loan was £20,668. This loan had no fixed repayment terms and interest has been charged on the loan.
During the year, the company advanced £15,661 to Mrs Lorraine Persaud (2015 £5,006). The maximum amount of the loan was £,20,667. This loan had no fixed repayment terms and interest has been charged on the loan.