Country Clutter Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04770231 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2014

for

Country Clutter Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mrs L J Burton

D A Burton

SECRETARY:

D A Burton

REGISTERED OFFICE:

2

St Marys Street

Chepstow

Monmouthshire

NP16 5EU

REGISTERED NUMBER:

04770231 (England and Wales)

ACCOUNTANTS:

bdhc Chartered Accountants

11 Moor Street

Chepstow

Monmouthshire

NP16 5DD

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

781

1,003

781

1,003

CURRENT ASSETS

Stocks

80,000

55,000

Debtors

-

976

Cash in hand

500

2,004

80,500

57,980

CREDITORS

Amounts falling due within one year

71,537

45,910

NET CURRENT ASSETS

8,963

12,070

TOTAL ASSETS LESS CURRENT LIABILITIES

9,744

13,073

CREDITORS

Amounts falling due after more than one year

14,126

16,160

NET LIABILITIES

(4,382

)

(3,087

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(4,383

)

(3,088

)

SHAREHOLDERS' FUNDS

(4,382

)

(3,087

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6 February 2015 and were signed on its behalf by:

D A Burton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures, fittings & equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

10,000

Disposals

(10,000

)

At 31 May 2014

-

AMORTISATION

At 1 June 2013

10,000

Eliminated on disposal

(10,000

)

At 31 May 2014

-

NET BOOK VALUE

At 31 May 2014

-

At 31 May 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

4,582

DEPRECIATION

At 1 June 2013

3,579

Charge for year

222

At 31 May 2014

3,801

NET BOOK VALUE

At 31 May 2014

781

At 31 May 2013

1,003

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and

31 May 2013:

31.5.14

31.5.13

£

£

Mrs L J Burton

Balance outstanding at start of year

976

502

Amounts advanced

1,591

4,558

Amounts repaid

(4,169

)

(4,084

)

Balance outstanding at end of year

(1,602

)

976