Abbreviated Company Accounts - A1 ITEMS LTD

07304187 A1 ITEMS LTD 2014-07-31 false 2013-08-01 2014-07-31 true 07304187 2013-08-01 2014-07-31 07304187 2014-07-31 07304187 2013-07-31 07304187 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 07304187 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 07304187

A1 ITEMS LTD

Abbreviated Accounts

31 July 2014

A1 ITEMS LTD Registered Number 07304187

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Current assets
Stocks		23,564	21,956
Debtors		3,705	4,005
Cash at bank and in hand		9,353	8,349
		36,622	34,310
Creditors: amounts falling due within one year		(17,413)	(16,114)
Net current assets (liabilities)		19,209	18,196
Total assets less current liabilities		19,209	18,196
Creditors: amounts falling due after more than one year		(9,932)	(13,860)
Total net assets (liabilities)		9,277	4,336
Capital and reserves
Called up share capital	2	110	110
Profit and loss account		9,167	4,226
Shareholders' funds		9,277	4,336

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 6 April 2015

And signed on their behalf by:
GAJENDER SINGH, Director

A1 ITEMS LTD Registered Number 07304187

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

1Accounting Policies

Basis of measurement and preparation of accounts
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

The full financial statements from which these abbreviated accounts have been extracted, have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) under the historical cost convention.

The effect of events in relation to the year ended 31 July 2014 which occurred before the date of approval of the financial statements by the Board of Directors, have been included in the statements to the extent required to show a true and fair view of the state of affairs at 31 July 2014 and of the results for the year ended on that date.

Turnover policy
The company`s turnover represents the value of goods and services supplied to customers during the year.

Other accounting policies
Deferred Taxation

Deferred taxation is accounted for in accordance with the requirements of the FRSSE.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
110 A Ordinary shares of £1 each	110	110