Ewe & Me Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC237436 (Scotland)

Abbreviated Accounts for the Period 1 March 2014 to 31 January 2015

for

Ewe & Me Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J M Hartree

S E Baines

SECRETARY:

S E Baines

REGISTERED OFFICE:

82/86 High Street

Grantown on Spey

Morayshire

PH26 3EL

REGISTERED NUMBER:

SC237436 (Scotland)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Tangible assets

2

589

988

CURRENT ASSETS

Stocks

57,609

52,980

Debtors

598

430

Cash at bank and in hand

82,752

58,891

140,959

112,301

CREDITORS

Amounts falling due within one year

53,392

44,308

NET CURRENT ASSETS

87,567

67,993

TOTAL ASSETS LESS CURRENT LIABILITIES

88,156

68,981

CAPITAL AND RESERVES

Called up share capital

3

101

101

Profit and Loss Account

88,055

68,880

SHAREHOLDERS' FUNDS

88,156

68,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2015 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 26 May 2015 and were signed on its behalf by:

Mrs J M Hartree - 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.

Fixtures and Fittings

-

25% on reducing balance

Computer Equipment

-

33% on cost

Stocks

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

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 31 January 2015

11,338

DEPRECIATION

At 1 March 2014

10,350

Charge for period

399

At 31 January 2015

10,749

NET BOOK VALUE

At 31 January 2015

589

At 28 February 2014

988

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

28.2.14

value:

£

£

100

Ordinary A

£1

100

100

1

Ordinary B

£1

1

1

101

101