Boston Clothing Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06617591 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

BOSTON CLOTHING COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G S Pahal

R S Pahal

SECRETARY:

R S Pahal

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

06617591 (England and Wales)

FIXED ASSETS

Tangible assets

2

3,894

1,928

CURRENT ASSETS

Stocks

385,604

319,948

Debtors

61,302

54,037

Cash in hand

7,111

6,667

454,017

380,652

CREDITORS

Amounts falling due within one year

325,832

225,293

NET CURRENT ASSETS

128,185

155,359

TOTAL ASSETS LESS CURRENT LIABILITIES

132,079

157,287

CREDITORS

Amounts falling due after more than one year

78,824

87,774

NET ASSETS

53,255

69,513

CAPITAL AND RESERVES

Called up share capital

3

20,000

20,000

Profit and loss account

33,255

49,513

SHAREHOLDERS' FUNDS

53,255

69,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 30 March 2015 and were signed on its behalf by:

G S Pahal - 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.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 July 2013

3,831

Additions

2,530

At 30 June 2014

6,361

DEPRECIATION

At 1 July 2013

1,903

Charge for year

564

At 30 June 2014

2,467

NET BOOK VALUE

At 30 June 2014

3,894

At 30 June 2013

1,928

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/6/14

30/6/13

value:

£

£

20,000

Ordinary

£1

20,000

20,000