Teddy Bear Towers Limited - Limited company - abbreviated - 11.6

TEDDY BEAR TOWERS LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss C A Matthews

R E Matthews

SECRETARY:

Miss C A Matthews

REGISTERED OFFICE:

Trelawney Towers

Chester Road

Flint

Flintshire

CH6 5DU

REGISTERED NUMBER:

04608572 (England and Wales)

ACCOUNTANTS:

The Priory Partnership

Chartered Accountants

4 Hunters Walk

Canal Street

Chester

Cheshire

CH1 4EB

FIXED ASSETS

Tangible assets

2

8,595

8,216

CURRENT ASSETS

Debtors

18,379

18,390

Cash at bank and in hand

61,217

55,884

79,596

74,274

CREDITORS

Amounts falling due within one year

27,009

43,127

NET CURRENT ASSETS

52,587

31,147

TOTAL ASSETS LESS CURRENT LIABILITIES

61,182

39,363

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

61,181

39,362

SHAREHOLDERS' FUNDS

61,182

39,363

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 13th May 2015 and were signed on its behalf by:

Miss C A Matthews - 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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

23,091

Additions

3,287

At 31st December 2014

26,378

DEPRECIATION

At 1st January 2014

14,875

Charge for year

2,908

At 31st December 2014

17,783

NET BOOK VALUE

At 31st December 2014

8,595

At 31st December 2013

8,216

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1