Edgartown Sourcing Limited - Limited company - abbreviated

REGISTERED NUMBER: 06311099 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2013

for

Edgartown Sourcing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

Mr M Powell

SECRETARY:

Mrs R Powell

REGISTERED OFFICE:

Little Orchard

Poughill

Bude

Cornwall

EX23 9HG

REGISTERED NUMBER:

06311099 (England and Wales)

ACCOUNTANTS:

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

FIXED ASSETS

Tangible assets

2

2,342

3,123

CURRENT ASSETS

Stocks

32,000

23,000

Debtors

11

9,425

32,011

32,425

CREDITORS

Amounts falling due within one year

32,991

34,674

NET CURRENT LIABILITIES

(980

)

(2,249

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,362

874

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,262

774

SHAREHOLDERS' FUNDS

1,362

874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 29 April 2015 and were signed by:

Mr M Powell - 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.

Plant and machinery etc

-

25% 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 August 2012

and 31 July 2013

7,577

DEPRECIATION

At 1 August 2012

4,454

Charge for year

781

At 31 July 2013

5,235

NET BOOK VALUE

At 31 July 2013

2,342

At 31 July 2012

3,123

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.13

31.7.12

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Edgartown Sourcing Limited for the year ended 31 July 2013 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Edgartown Sourcing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edgartown Sourcing Limited and state those matters that we have agreed to state to the director of Edgartown Sourcing Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Edgartown Sourcing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edgartown Sourcing Limited. You consider that Edgartown Sourcing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edgartown Sourcing Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.