Abbreviated Company Accounts - ROSSI CLOTHING COMPANY LIMITED

ROSSI CLOTHING COMPANY LIMITED - Company Information

07559997 ROSSI CLOTHING COMPANY LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07559997 2013-04-01 2014-03-31 07559997 2014-03-31 07559997 2013-03-31 07559997 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07559997 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07559997

ROSSI CLOTHING COMPANY LIMITED

Abbreviated Accounts

31 March 2014

ROSSI CLOTHING COMPANY LIMITED Registered Number 07559997

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	440,000	460,000
Tangible assets	3	46,002	52,266
		486,002	512,266
Current assets
Stocks		397,079	468,310
Debtors		279,084	240,987
		676,163	709,297
Creditors: amounts falling due within one year		(544,297)	(459,563)
Net current assets (liabilities)		131,866	249,734
Total assets less current liabilities		617,868	762,000
Creditors: amounts falling due after more than one year		(800,000)	(800,000)
Total net assets (liabilities)		(182,132)	(38,000)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(182,232)	(38,100)
Shareholders' funds		(182,132)	(38,000)

For the year ending 31 March 2014 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 14 August 2014

And signed on their behalf by:
G Marzano, Director

ROSSI CLOTHING COMPANY LIMITED Registered Number 07559997

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represent net invoiced sales of goods, excluding VAT

Tangible assets depreciation policy
Depreciation is proved at either 25% on cost, 20% on reducing balance and 10% on cost

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2011 is being
amortised evenly over its estimated useful life of twenty five years

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Other accounting policies
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period in which they
relate.

2Intangible fixed assets

	£
Cost
At 1 April 2013	500,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	500,000
Amortisation
At 1 April 2013	40,000
Charge for the year	20,000
On disposals	-
At 31 March 2014	60,000
Net book values
At 31 March 2014	440,000
At 31 March 2013	460,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	60,269
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	60,269
Depreciation
At 1 April 2013	8,003
Charge for the year	6,264
On disposals	-
At 31 March 2014	14,267
Net book values
At 31 March 2014	46,002
At 31 March 2013	52,266

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100