SNOWS_OF_SCARBOROUGH_LTD - Accounts

SNOW'S OF SCARBOROUGH LIMITED - Company Information

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SNOWS OF SCARBOROUGH LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2013

COMPANY REGISTRATION NO. 00761486 (England and Wales)

SNOWS OF SCARBOROUGH LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SNOWS OF SCARBOROUGH LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

4,038

1,823

Current assets

Stocks

151,953

138,807

Debtors

13,355

14,220

Cash at bank and in hand

61,793

13,919

227,101

166,946

Creditors: amounts falling due within one year

(124,309)

(110,848)

Net current assets

102,792

56,098

Total assets less current liabilities

106,830

57,921

Creditors: amounts falling due after more than one year

(10,652)

Provisions for liabilities

(808)

(365)

95,370

57,556

Capital and reserves

Called up share capital

2,000

Profit and loss account

93,370

55,556

Shareholders' funds

95,370

57,556

SNOWS OF SCARBOROUGH LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2013

- 2 -

For the financial year ended 30 November 2013 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 year in question in accordance with section 476;

The director acknowledges his 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 18 August 2014

Mr D Young

Director

Company Registration No. 00761486

SNOWS OF SCARBOROUGH LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 3 -

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).

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:

Fixtures and fittings

- 15% reducing balance.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

SNOWS OF SCARBOROUGH LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 4 -

Fixed assets

Tangible assets

Cost

At 1 December 2012

17,564

Additions

3,026

Disposals

(291)

At 30 November 2013

20,299

Depreciation

At 1 December 2012

15,741

On disposals

(224)

Charge for the year

744

At 30 November 2013

16,261

Net book value

At 30 November 2013

4,038

At 30 November 2012

1,823

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £5,500 (2012 - £0).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £10,652. (2012 - £0).

Share capital

2013

2012

Allotted, called up and fully paid

2,000 Ordinary shares of £1 each

2,000