Registered number
02403766
Aarti Sarees Limited
Abbreviated Accounts
30 September 2016
Ashton Shah & Co Limited
Chartered Certified Accountants
Laxmi House 2-b Draycott Avenue
Kenton Harrow Middlesex HA3 0BU
Aarti Sarees Limited
Registered number: 02403766
Abbreviated Balance Sheet
as at 30 September 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 14,177 9,074
Current assets
Stocks 107,350 122,786
Debtors 2,743 864
Cash at bank and in hand 110,492 98,922
220,585 222,572
Creditors: amounts falling due within one year (99,556) (108,736)
Net current assets 121,029 113,836
Net assets 135,206 122,910
Capital and reserves
Called up share capital 3 1,000 1,000
Profit and loss account 134,206 121,910
Shareholders' funds 135,206 122,910
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr Dhirendra Nemchand Shah
Director
Approved by the board on 5 June 2017
Aarti Sarees Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% reducing balance
Shop Extension 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 October 2015 52,404
Additions 5,500
At 30 September 2016 57,904
Depreciation
At 1 October 2015 43,330
Charge for the year 397
At 30 September 2016 43,727
Net book value
At 30 September 2016 14,177
At 30 September 2015 9,074
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1,000 1,000 1,000
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