Abbreviated Company Accounts - PEACHES WEDDING SHOP LIMITED

Abbreviated Company Accounts - PEACHES WEDDING SHOP LIMITED

PEACHES WEDDING SHOP LIMITED - Company Information

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Registered Number 04480706

PEACHES WEDDING SHOP LIMITED

Abbreviated Accounts

31 July 2014

PEACHES WEDDING SHOP LIMITED Registered Number 04480706

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 45,000 49,500
Tangible assets 3 805 1,213
45,805 50,713
Current assets
Stocks 9,750 11,500
Debtors 32 2,484
Cash at bank and in hand 450 539
10,232 14,523
Creditors: amounts falling due within one year (47,463) (50,064)
Net current assets (liabilities) (37,231) (35,541)
Total assets less current liabilities 8,574 15,172
Total net assets (liabilities) 8,574 15,172
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 7,574 14,172
Shareholders' funds 8,574 15,172
  • For the year ending 31 July 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 30 April 2015

And signed on their behalf by:
Mrs D Meads, Director

PEACHES WEDDING SHOP LIMITED Registered Number 04480706

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance

Intangible assets amortisation policy
Goodwill is depreciated over a straight line period over 20 years

2Intangible fixed assets
£
Cost
At 1 August 2013 90,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 90,000
Amortisation
At 1 August 2013 40,500
Charge for the year 4,500
On disposals -
At 31 July 2014 45,000
Net book values
At 31 July 2014 45,000
At 31 July 2013 49,500
3Tangible fixed assets
£
Cost
At 1 August 2013 7,203
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 7,203
Depreciation
At 1 August 2013 5,990
Charge for the year 408
On disposals -
At 31 July 2014 6,398
Net book values
At 31 July 2014 805
At 31 July 2013 1,213