Accounts filed on 31-05-2014


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/05/2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 06301075


Registered Number: 06301075

BALANCE SHEET AT 31/05/2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Tangible assets	2		40,171		30,755

CURRENT ASSETS
Stock		255,491		267,905
Debtors (amounts falling due within one year)	3	142,794		88,996
Cash at bank and in hand		72,745		26,039
		471,030		382,940
CREDITORS: Amounts falling due within one year		332,083		223,450
NET CURRENT ASSETS			138,947		159,490
TOTAL ASSETS LESS CURRENT LIABILITIES			179,118		190,245

CAPITAL AND RESERVES

Called up share capital	4		100		100
Share premium account			149,960		149,960
Profit and loss account			29,058		40,185
SHAREHOLDERS' FUNDS			179,118		190,245

For the year ending 31/05/2014 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 26/02/2015 and signed on their behalf by




Stephen Julian Levy
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		25%
Fixtures and Fittings		25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2014	2013
	£	£

Amounts falling due within one year:
Trade debtors	115,439	50,347
Other debtors	27,355	18,507
	142,794	68,854




4. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
60 Ordinary shares of £1 each	60	60
40 Ordinary 'A' Shares of £1 each	40	40
	100	100