NEEDHAMS (FURNISHERS) LIMITED - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00329210

Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

NEEDHAMS (FURNISHERS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs S Walker

SECRETARY:

REGISTERED OFFICE:

Temple Chambers

16a Belvoir Road

Coalville

Leicestershire

LE67 3QE

REGISTERED NUMBER:

00329210

ACCOUNTANTS:

Elverstone Large Ltd

Chartered Certified Accountants

Temple Chambers

16A Belvoir Road

Coalville

Leics

LE67 3QE

FIXED ASSETS

Tangible assets

2

4,103

4,217

CURRENT ASSETS

Stocks

14,551

17,249

Debtors

450

450

Cash at bank and in hand

18,877

17,816

33,878

35,515

CREDITORS

Amounts falling due within one year

1,866

4,231

NET CURRENT ASSETS

32,012

31,284

TOTAL ASSETS LESS CURRENT LIABILITIES

36,115

35,501

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Other reserves

589

589

Profit and loss account

34,526

33,912

SHAREHOLDERS' FUNDS

36,115

35,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 20 February 2015 and were signed by:

Mrs S Walker - 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.

Tangible fixed assets

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

Freehold property

-

2% on reducing balance

Fixtures and fittings

-

15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

11,842

DEPRECIATION

At 1 February 2014

7,625

Charge for year

114

At 31 January 2015

7,739

NET BOOK VALUE

At 31 January 2015

4,103

At 31 January 2014

4,217

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

1

1,000

1,000