Busy Lizzy Mum Limited - Limited company - abbreviated - 11.6

BUSY LIZZY MUM LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2014

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Ms J Yates

Ms S Monk

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

07754378 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

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

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

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 Busy Lizzy Mum Limited for the year ended 31st August 2014 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 Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Busy Lizzy Mum Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Busy

Lizzy Mum Limited and state those matters that we have agreed to state to the Board of Directors of Busy Lizzy Mum

Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified

Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or

for this report.

It is your duty to ensure that Busy Lizzy Mum 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 Busy Lizzy

Mum Limited. You consider that Busy Lizzy Mum 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 Busy Lizzy Mum 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.

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

Date: .............................................

FIXED ASSETS

Intangible assets

2

495

566

Tangible assets

3

1,995

2,659

2,490

3,225

CURRENT ASSETS

Stocks

1,882

1,882

Debtors

4,213

2,599

Cash at bank

34,561

7,693

40,656

12,174

CREDITORS

Amounts falling due within one year

25,641

12,261

NET CURRENT ASSETS/(LIABILITIES)

15,015

(87

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,505

3,138

CREDITORS

Amounts falling due after more than one year

10,500

5,000

NET ASSETS/(LIABILITIES)

7,005

(1,862

)

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

6,995

(1,872

)

SHAREHOLDERS' FUNDS

7,005

(1,862

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 20th March 2015 and were signed on its behalf by:

Ms J Yates - 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.

Patents and trademarks

Intangible fixed assets include the cost of registering Trademarks and patents. The accounting policy of the

company is to amortise these costs over their useful economic life, which is ten years.

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

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

and 31st August 2014

707

AMORTISATION

At 1st September 2013

141

Amortisation for year

71

At 31st August 2014

212

NET BOOK VALUE

At 31st August 2014

495

At 31st August 2013

566

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

and 31st August 2014

3,546

DEPRECIATION

At 1st September 2013

887

Charge for year

664

At 31st August 2014

1,551

NET BOOK VALUE

At 31st August 2014

1,995

At 31st August 2013

2,659

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

10

ordinary

£1

10

10