Abbreviated Company Accounts - A & H SUPERSAVE (UK) LIMITED

A & H SUPERSAVE (UK) LIMITED Registered Number 05810488

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	119,000	127,500
Tangible assets	3	70,684	25,642
		189,684	153,142
Current assets
Stocks		220,025	203,500
Debtors		3,165	2,634
Cash at bank and in hand		35,340	23,368
		258,530	229,502
Creditors: amounts falling due within one year		(267,162)	(188,488)
Net current assets (liabilities)		(8,632)	41,014
Total assets less current liabilities		181,052	194,156
Creditors: amounts falling due after more than one year		(178,067)	(150,000)
Total net assets (liabilities)		2,985	44,156
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		2,885	44,056
Shareholders' funds		2,985	44,156

For the year ending 31 May 2016 the company was entitled to exemption 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.

Approved by the Board on 24 February 2017

And signed on their behalf by:
Mr H Singh, Director

A & H SUPERSAVE (UK) LIMITED Registered Number 05810488

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents net sales of goods, excluding value added tax.

Tangible assets depreciation policy
Fixtures, fittings
and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Other accounting policies
Leasing and hire purchase commitments :
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock :
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 June 2015	170,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	170,000
Amortisation
At 1 June 2015	42,500
Charge for the year	8,500
On disposals	-
At 31 May 2016	51,000
Net book values
At 31 May 2016	119,000
At 31 May 2015	127,500

Goodwill
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of
20 years.

3Tangible fixed assets

	£
Cost
At 1 June 2015	44,263
Additions	60,247
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	104,510
Depreciation
At 1 June 2015	18,621
Charge for the year	15,205
On disposals	-
At 31 May 2016	33,826
Net book values
At 31 May 2016	70,684
At 31 May 2015	25,642

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100