Company Registration No. 09432846 (England and Wales)
SUGGOI FBH LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2016
SUGGOI FBH LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
SUGGOI FBH LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
188
Investments
2
1
189
Current assets
Debtors
176
Cash at bank and in hand
738
914
Creditors: amounts falling due within one year
(1,621)
Net current liabilities
(707)
Total assets less current liabilities
(518)
Provisions for liabilities
(32)
(550)
Capital and reserves
Called up share capital
3
100
Profit and loss account
(650)
Shareholder's funds
(550)
For the financial period ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his 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 1 October 2016
Mr P Chambret
Director
Company Registration No. 09432846
SUGGOI FBH LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 29 FEBRUARY 2016
- 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 January 2015).
These financial statements have been prepared on the assumption that the company will continue in
operational existence for the foreseeable future.
The validity of this assumption depends on the continuing support of the company's director, creditor
s
and shareholder.
If the company were unable to continue in existence for the foreseeable future, adjustments would be
necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed
assets as current assets and long-term liabilities as current liabilities and to provide for further liabilities
which might arise.
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 net of trade discounts.
net
of trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
SUGGOI FBH LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 29 FEBRUARY 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 10 February 2015
-
-
-
Additions
213
1
214
At 29 February 2016
213
1
214
Depreciation
At 10 February 2015
-
-
-
Charge for the period
25
-
25
At 29 February 2016
25
-
25
Net book value
At 29 February 2016
188
1
189
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
The Sake Salon UK Limited
UK
Ordinary
50.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
The Sake Salon UK Limited
Distribution of premium sake
-
-
T
he financial statements for
The Sake Salon UK Limited
had
not
been prepared
at the time of preparing the financial statements for
Suggoi FBH Limited
. It was therefore not possible to
disclose capital and reserves balances, nor profit/(loss) for the year figures in the note above.
SUGGOI FBH LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 29 FEBRUARY 2016
- 4 -
3
Share capital
2016
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
During the
period 100
ordinary shares of £
1
each were allotted and fully paid at par for cash consideration to provide additional working capital.