Du Barry (SW) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04502609 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

DU BARRY (SW) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A C W King

Mrs C J King

SECRETARY:

Mrs C J King

REGISTERED OFFICE:

74 Fore Street

Topsham

Exeter

Devon

EX3 0HQ

REGISTERED NUMBER:

04502609 (England and Wales)

ACCOUNTANTS:

Bush & Co Limited

Chartered Accountants

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Intangible assets

2

60,000

67,500

Tangible assets

3

14,354

271,963

74,354

339,463

CURRENT ASSETS

Stocks

159,881

201,792

Debtors

19,644

14,451

Cash at bank and in hand

9,376

12,111

188,901

228,354

CREDITORS

Amounts falling due within one year

253,702

448,960

NET CURRENT LIABILITIES

(64,801

)

(220,606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,553

118,857

CREDITORS

Amounts falling due after more than one year

4

(88,298

)

(150,624

)

PROVISIONS FOR LIABILITIES

-

(762

)

NET LIABILITIES

(78,745

)

(32,529

)

CAPITAL AND RESERVES

Called up share capital

5

2,000

2,000

Revaluation reserve

-

67,987

Profit and loss account

(80,745

)

(102,516

)

SHAREHOLDERS' FUNDS

(78,745

)

(32,529

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 June 2015 and were signed on its behalf by:

A C W King - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date, the company had net current liabilities of £64,801 (2013: £220,606). The

company is dependent on loans from directors and other loans, both have indicated that they will not

demand immediate repayment of their loans. The directors consequently consider that the company

has sufficient financial resources to meet its requirements for the foreseeable future and that it is

appropriate for the company's accounts to be prepared on a going concern basis.

The accounts do not include any adjustments that would result from the directors or other lenders

demanding immediate repayments of their loans. Such adjustment would need to reduce the value of

the company's assets to their realisable amounts and to provide for liabilities not presently included in

the accounts.

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 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Nil

Leasehold property

-

10% on cost

Fixtures & fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Freehold property is carried at either cost or professional valuation and no depreciation is provided in

respect of these properties as the depreciation charge would be immaterial due to the high residual

values of these assets which are ensured by a programme of regular maintenance and repair (cost of

which is charged to the profit and loss account).

The Companies Act 2006 requires all properties to be depreciated. However, the directors consider

that because of the high residual values, any charge would be immaterial and therefore to depreciate

them would not give a true and fair view.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

150,000

AMORTISATION

At 1 October 2013

82,500

Amortisation for year

7,500

At 30 September 2014

90,000

NET BOOK VALUE

At 30 September 2014

60,000

At 30 September 2013

67,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

453,358

Additions

198

Disposals

(249,250

)

At 30 September 2014

204,306

DEPRECIATION

At 1 October 2013

181,395

Charge for year

8,557

At 30 September 2014

189,952

NET BOOK VALUE

At 30 September 2014

14,354

At 30 September 2013

271,963

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

-

10,599

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary A Shares

£1

1,000

1,000

1,000

Ordinary B Shares

£1

1,000

1,000

2,000

2,000