F_C_COUNTRY_WEAR_LTD - Accounts

FC COUNTRY WEAR LTD - Company Information

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Company Registration No. 08552576 (England and Wales)

F C COUNTRY WEAR LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2014

F C COUNTRY WEAR LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

F C COUNTRY WEAR LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

2,213

Current assets

Stocks

34,021

Debtors

3,105

Cash at bank and in hand

2,604

39,730

Creditors: amounts falling due within one year

(73,468)

Net current liabilities

(33,738)

Total assets less current liabilities

(31,525)

Capital and reserves

Called up share capital

100

Profit and loss account

(31,625)

Shareholder's funds

(31,525)

For the financial Period ended 30 September 2014 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 her 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 20 February 2015

Mrs A L Wilford

Director

Company Registration No. 08552576

F C COUNTRY WEAR LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2014

- 2 -

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 April 2008).

The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.

Due to the ongoing financial support provided by the director, it is considered appropriate to prepare the accounts on a going concern basis.

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 VAT and 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

Fixtures, fittings & equipment

25% Reducing Balance

Fixed assets

Tangible assets

Cost

At 26 September 2013

Additions

3,050

At 30 September 2014

3,050

Depreciation

At 26 September 2013

Charge for the period

837

At 30 September 2014

837

Net book value

At 30 September 2014

2,213

F C COUNTRY WEAR LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2014

- 3 -

Share capital

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

On Incorporation 100 ordinary shares of £1 each were allotted and fully paid at par value for cash consideration.

Related party relationships and transactions

Directors Loan

The Director has provided the company with working capital in the form of an interest free loan. As at 30th September 2014, and included within 'Creditors: amounts due within one year' is a loan amounting to £57,603.