Studio A.N.D. Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07428959 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

Studio A.N.D. Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Frech

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

07428959 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Intangible assets

2

15,967

18,248

Tangible assets

3

1,616

2,052

17,583

20,300

CURRENT ASSETS

Stocks

3,264

-

Debtors

4,162

-

Cash at bank and in hand

11,034

7,670

18,460

7,670

CREDITORS

Amounts falling due within one year

26,280

10,865

NET CURRENT LIABILITIES

(7,820

)

(3,195

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,763

17,105

CREDITORS

Amounts falling due after more than one year

12,366

17,101

NET (LIABILITIES)/ASSETS

(2,603

)

4

CAPITAL AND RESERVES

Called up share capital

4

3

3

Profit and loss account

(2,606

)

1

SHAREHOLDERS' FUNDS

(2,603

)

4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 19 May 2014 and were signed by:

A Frech - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of 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.

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

22,810

AMORTISATION

At 1 December 2012

4,562

Amortisation for year

2,281

At 30 November 2013

6,843

NET BOOK VALUE

At 30 November 2013

15,967

At 30 November 2012

18,248

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

3,372

DEPRECIATION

At 1 December 2012

1,320

Charge for year

436

At 30 November 2013

1,756

NET BOOK VALUE

At 30 November 2013

1,616

At 30 November 2012

2,052

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

1

Ordinary

1.00

3

3