| Schoolwear (Midlands) Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Schoolwear (Midlands) Limited for the year ended 31 March 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Schoolwear (Midlands) Limited for the year ended 31 March 2015 which comprise of 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| J D Gardiner & Co |
| Chartered Accountants |
| Corby Enterprise Centre |
| London Road |
| Corby |
| Northants |
| NN17 5EU |
|
| 5 June 2015 |
|
| Schoolwear (Midlands) Limited |
| Registered number: |
05645496 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
3,230 |
|
|
3,640 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
250 |
| Debtors |
|
|
41,329 |
|
|
28,594 |
| Cash at bank and in hand |
|
|
47,301 |
|
|
117,950 |
|
|
|
88,630 |
|
|
146,794 |
|
| Creditors: amounts falling due within one year |
|
|
(670) |
|
|
(14,357) |
|
| Net current assets |
|
|
|
87,960 |
|
|
132,437 |
|
| Net assets |
|
|
|
91,190 |
|
|
136,077 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
91,090 |
|
|
135,977 |
|
| Shareholders' funds |
|
|
|
91,190 |
|
|
136,077 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| P. Davis |
| Director |
| Approved by the board on 6 June 2015 |
|
| Schoolwear (Midlands) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value of invoiced services rendered and commissions receivable, excluding VAT. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures and fittings |
15% book value |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
9,871 |
|
Additions |
160 |
|
At 31 March 2015 |
10,031 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
6,231 |
|
Charge for the year |
570 |
|
At 31 March 2015 |
6,801 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
3,230 |
|
At 31 March 2014 |
3,640 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
P Davis |
|
Short term loan |
3,574 |
|
- |
|
(3,574) |
|
- |
|
|
|
3,574 |
|
- |
|
(3,574) |
|
- |
|
|
|
|
|
|
|
|
|
